Pioneer Investments: Global net flows of 400 million euros in April
(Data as of 30 April 2006)
Pioneer Investments saw positive net flows of €400 million in April. Total Assets under Management reached €173,6 billion (+9,8% from end 2005).
Italy saw negative inflows of €109 million during April with mutual funds (Assogestioni perimeter) producing negative sales of €1.2 billion during the period. Market share in Italy stood at 15.17% (+1 basis point). Total Assets under Management in Italy at the end of the month stood at €109 billion.
The International Division (ex Italy) saw positive flows of €518 million, mainly due to the German result (€381 million). Total Assets under Management stood at €15.4 billion.
Without important variations are the net flows of the US (-€10 million), while Total Assets under Management of the division, thanks to Vanderbilt Capital Advisors acquisition, reached €42.5 billion ($53.4 billion).
The New Markets division saw positive flows of €8 million in the month. Total Assets under Management in this division is over €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 €12 million. Total Assets under Management in Hedge Funds stood at €4.4 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