Pioneer Investments: Global net sales for over euro 1 billion in May

GLOBAL NET SALES FOR OVER €1 BILLION IN MAY
IMPORTANT CONTRIBUTION FROM INTERNATIONAL AND CEE

The Alternative Investments division completed the integration of Primeo, the Bank Austria hedge fund unit and the assets under management of the division topped €5.6 billion

(data as of 31th May 2007)


Pioneer Investments achieved Net sales of €1,065 million in May. Total Assets under Management topped €238 billion.

The International division recorded positive net sales of €724 million, thanks to institutional business in Japan and Spain contribution. Total Assets under Management reached €15.5 billion.

The CEE division continued its growing trend and, with the main contribution of Poland, registered positive net sales of €489 million. Total Assets under Management in this division reached €10 billion.

The US division recorded positive net sales of €37 million. Total Assets under Management reaches now €52 billion ($70 billion).

Germany also saw net sales for €160 million. Total Assets under Management stood at €49.7 billion.

Italy registered a negative result for €345 million. Total Assets under Management stood at €110 billion while market share grew 5 basis points to 15.57% (Assogestioni perimeter).

The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported positive net sales of €208 million. Thanks to the integration of Primeo, the Bank Austria hedge fund unit, effective as of May, the assets under management of the division topped €5.6 billion.


The data reported in this release has been compiled on provisional numbers, and are, therefore susceptible to change


For more details:
Camilla Pedraglio
Head of Media Relations
Pioneer Investment Management SGRpA
Ph. +390276223228
camilla.pedraglio@pioneerinvestments.com
www.pioneerinvestments.it