Pioneer Investments

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Pioneer Investments
Type Subsidiary
Industry Mutual funds
Founded Boston, Massachusetts in 1928
Headquarters Milan, Italy
Key people Philip L. Carret, Founder
Sandro Pierri, CEO
Products Financial services
Revenue Increase$312.4 Billion assets under management USD (2007)
Employees 2,300 (2007)
Parent UniCredit

Pioneer Investments is an investment company based in Boston, MA specializing in mutual funds. In 1928, Philip L. Carret founded the Pioneer Fund (then: Fidelity Mutual Trust), now the third oldest mutual fund in the United States. The Pioneer Fund is often cited as the first mutual fund based on ethical values.[1] It used a "sin screen" to exclude investment in companies that made or sold tobacco and alcohol. In 2000, The Pioneer Group, Inc. was acquired by UniCredit, an Italian banking group.

See also[edit]


  1. ^ Cory, Jacques; Business Ethics: The Ethical Revolution of Minority Shareholders, Springer; 1 edition (November 9, 2004) p.49

External links[edit]

Parent Company: UniCredit