Global net inflows of over 6 billion euro in the first 8 months of 2006
Strong contribution from US and Germany
Global net inflows of 93 million euro in August
(data as of 31 August 2006)
With global net inflows of €93 million in August, Pioneer Investments closed the first 8 months of the year with over €6 billion of global net inflows. Total Assets under Management reached €216 billion.
Global net inflows year to date were pushed in particular from US that, thanks to Vanderbilt acquisition, registered positive net sales of €3,7 billion (+€1187 million in August) and from Germany, that during the period realized positive net sales of €1,8 billion (-700 million in August). Total Assets under Management of US Division reached €45 billion ($58 billion), the same of Germany Division.
The International division (ex Italy and Germany) is positive in the period for €826 million (-218 million in August). Total Assets under Management is €12 billion.
The figure of the first 8 months of the year for the New Markets division is €332 million (+29 million in August). Total Asset under Management of the division is over €6 billion.
Italy Business Unit closed the first 8 months of the year with negative sales of €618 million (-205 million in August), with mutual funds Italian Market (Assogestioni perimeter) producing negative sales of €6,7 billion during the same period. Total Assets under Management in Italy stood at €107,7 miliardi.
The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions), is positive during the period for €182 million (+€20 million in August). Total Assets under Management in Hedge Funds is €4.6 billion.
The data reported in this release has been compiled on provisional numbers, and is, therefore susceptible to change.
For more details:
Head of Media Relations
Pioneer Investment Management SGRpA