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Article: Pioneer Fund.
- Article from:
- Banking Wire
- Article date:
- September 19, 2002
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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John A. Carey, CFA, has over 22 years of investment experience and has managed the Fund since 1986.
Investment Outlook
The market has been volatile this year, with many concerns about the quantity and quality of corporate earnings as well as the economy. Nevertheless, we remain cautiously optimistic for the remainder of the year. Inflation and unemployment are still low by historical standards, and consumer confidence remains stable. We are hopeful that industry executives will begin to feel more confident in the strength of the economy and place more emphasis on capital expenditures moving forward. This aspect of the stock market has been missing so far ...