is now offering a new value fund of U.S. shares from Pioneer called the Pioneer America Fund
. The Pioneer America Fund is intended to be the European counterpart to the Pioneer fund that has been in existence since 1928. The fund's benchmark for performance will be the Standard & Poor's
500 index. It will invest in US blue chips, buy stocks when they are undervalued and sell them again when the price approaches its fair market value as determined by analyses.
At least 80% of the net value of the fund's holdings consist of stocks, mostly US issues. The fund is managed by John Carey
, who has been the manager of the American Pioneer Fund
In addition, Incam is planning to increase sales of its investment products in April by holding special investment seminars for financial counselors.
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