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Rating:Which Mutual Fund Returned 1,073,300.43 Percent
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Wednesday, February 02, 2011

Which Mutual Fund Returned 1,073,300.43 Percent Since its Birth?

Reported by Neil Anderson, Managing Editor

Fundsters interested in mutual funds that have been around for a while may want to take a look at the Boston Globe. Columnist Steven Syre highlight s the 82-year-old Pioneer Fund [see profile], which returned a total 1,073,300.43 percent since inception, as of the end of last year.

That means $1,000 invested in the fund in 1928 was worth more than $10 million by December 31, 2010. According to Morningstar, the fund with the current second-best lifetime performance total is Investment Company of America (an American Funds offering [see profile]) which has returned 684,327.34 percent since 1934. 

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