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Pioneer Investments: flat global net flows in June

FLAT GLOBAL NET FLOWS IN JUNE
NEW MARKETS AND INTERNATIONAL DIVISIONS ARE UP
US SALES AND GERMANY DECLINING
ITALY MARKET SHARE INCREASED TO 15,66 %
(data as of 30th June 2007)

Flat global net flows (- €57 million) for Pioneer Investments in June. Total Assets under Management stood at €238 billion.
The International division recorded positive net sales of €138 million, thanks to the institutional business in Japan and UK and to the contribution of France. Total Assets under Management reached €16 billion.
The CEE division continued its growing trend and, with the contribution of Poland, Czech Republic and Hungary, closed the month with positive net sales of €234 million. Total Assets under Management in this division reached €10.6 billion.
The US division registered negative net flows of €252 million. Total Assets under Management stood at €51 billion ($69 billion).
Germany saw negative net flows of €175 million. Total Asset under Management is equal to €49.5 billion.
Italy remain substantially stable in the month (- €2 million). Total Assets under Management stood at €110 billion while market share grew 9 basis point to 15.66% (Assogestioni perimeter).
The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported positive net flows in June of €9 million.
Total Assets under Management in Hedge Funds reached €5.7 billion.
The data reported in this release have 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