Pioneer Brings Four Papp Funds Into the Fold

February 23, 2004 ( - Pioneer Investment Management has reorganized four mutual funds managed by L. Roy Papp & Associates, LLP into the Pioneer family of funds.

After the reorganization, the four funds in question include:

  • Pioneer Papp Stock Fund
  • Pioneer Papp Strategic Growth Fund
  • Pioneer Papp America-Pacific Rim Fund
  • Pioneer Papp Small and Mid Cap Growth Fund.

Pioneer will serve as the investment manager for these funds. Current managers, L. Roy Papp and Rosellen Papp, will continue to manage these funds on a subadvisory basis, according to a news release.

As of January 31, 2004, the four funds had approximately $153 million in assets under management.