About Pioneer Investments
With 80 years’ experience in fund management, Pioneer Investments has a history few asset management companies can match. Our flagship fund, Pioneer Fund™, is the third oldest mutual fund in the United States. It has not only weathered volatile market conditions, but has outperformed common stocks, long term bonds, US Treasury Bills and inflation since its foundation in 1928.
Innovation is part of our heritage. At the forefront of the establishment of the modern US mutual fund industry, Pioneer Investments is an industry leader in the development of this market in Europe. We were the first asset management company to launch investment funds in Italy, first in Germany to register US mutual funds under the Foreign Investments Act, and first to distribute open-ended investment funds in Poland. In 2002 we acquired the Momentum Group, which in keeping with Pioneer Investments’ tradition of innovation, is one of the founders of the funds of hedge funds industry.
In October 2000, UniCredito Italiano S.p.A. (“UCI”) completed its acquisition of the Pioneer Group, Inc., further bolstering the capabilities of its asset management operations in Milan and Dublin. UCI has strong credit ratings (Moody’s A1, S&P A+) reflecting its reputation as one of Europe’s leading and best managed banks. Through the consolidation of these powerful investment houses, Pioneer Investments is ideally positioned to expand its global reach and penetrate deeper into each market.
The main activity of Pioneer Investments is the management and distribution of over 180 investment funds and alternative investments. We have investment centres in Boston, Dublin, Milan and Singapore that manage assets worth €250 billion. Headquartered in Milan, Pioneer Investments has a presence in 25 countries around the world. In Switzerland Pioneer Investments is represented with offices in Berne, Zurich and Geneva.
Our investment process is active, bottom-up and research-driven, based upon the principles of fundamental investing that Pioneer Investments has used since 1928. Our fundamental equity research is bottom-up, with 90% generated internally by our equity research analysts.
This approach enables Pioneer Investments to make informed judgements about how industries and companies have operated in the past, about their future behaviour and about the effects of these variables on stock prices. We add a strong quantitative discipline to this process, which supports the work of fundamental analysts and keeps a close check on the investment risks for our funds.
