GLOBAL NET FLOWS OF €643 MILLION IN OCTOBER
MAINLY DUE TO THE CONTRIBUTION OF GERMANY AND ITALY
ASSET UNDER MANAGEMENT REACHED €220 BILLION
(data as of 31 October 2006)
Net flows of €643 million were achieved by Pioneer Investments in October and Total Assets under Management reached €220 billion.
Italy saw positive inflows of €186 million during the month, whilst mutual funds Italian Market (Assogestioni perimeter) producing negative sales of €3,7 billion during the period. Total Assets under Management of the division stood at €109 billion.
Germany saw positive flows of €504 billion. Total Assets under Management reached €44,7 billion.
The International division (ex Italy and Germany) saw negative flows of €102 million. Total Assets under Management stood at €12 billion.
The US closed the month with negative sales of only €9 million. Total Assets under Management reached €47 billion ($59 billion).
The New Markets division saw positive sales of €62 million in the month. Total Assets under Management in this division reached €6,6 billion.
The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported positive flows in the month of €22 million. Total Assets under Management in Hedge Funds stood at €4.6 billion.
The data reported in this release has been compiled on provisional numbers, and is, therefore susceptible to change
For more details:
Camilla Pedraglio
Head of Media Relations
Pioneer Investment Management SGRpA
Ph. +390276223228
Camilla.pedraglio@pioneerinvest.it
www.pioneerinvestments.it
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Pioneer Investments: Global Net Flows of 643 million euro in October
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