|Founded||Boston, Massachusetts in 1928|
|Key people||Philip L. Carret, Founder
Sandro Pierri, CEO
|Revenue||$312.4 Billion assets under management USD (2007)|
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. 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.
- Cory, Jacques; Business Ethics: The Ethical Revolution of Minority Shareholders, Springer; 1 edition (November 9, 2004) p.49
Parent Company: UniCredit
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