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Pioneer Investments: US, International and New Markets registered positive sales in September while Germany and Italy saw negative sales

US, INTERNATIONAL AND NEW MARKETS REGISTERED POSITIVE SALES IN SEPTEMBER  WHILE GERMANY AND ITALY SAW NEGATIVE SALES

 

STEADY ASSET UNDER MANAGEMENT

 

(data as of 30 September 2006)

 

 

Total Assets under Management of Pioneer Investments steady in September at €217 billion. During the same period Pioneer Investments saw negative inflows of €1.245 million.

 

Italy Business Unit saw negative inflows of €111 million with mutual funds Italian Market (Assogestioni perimeter) producing negative sales of €4,3 billion during the period. Total Assets under Management in Italy at the end of the month reached €108,4 billion.

 

The International division (ex Italy and Germany) saw positive flows of €129 million. Total Assets under Management stood at €12 billion.

 

The US closed the month with positive sales of €2 million. Total Assets under Management reached €46,3 billion ($58,6 billion).

 

Germany saw negative flows of €1,3 billion, mainly due to outflows in money market fund, linked to seasonal factor in Germany. Total Assets under Management stood at €43,87 billion.

 

The New Markets division saw positive sales of €40 million in the month. Total Assets under Management in this division reached €6,3 billion.

 

The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported negative flows in the month of €64 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