Share this event on:

  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Pioneer Investments: Net flows in April

IN APRIL NEGATIVE RESULTS FOR €341 MILLION
INTERNATIONAL, NEW MARKETS AND ALTERNATIVE DIVISIONS ARE UP
US SALES DECLINING

(data as of 30th April 2007)


Negative net flows of €341 million were experienced by Pioneer Investments in April. Total Assets under Management topped €233 billion.

The International division recorded positive net sales of €505 million, thanks to the institutional business in France and Japan and a new mandate in UK. Total Assets under Management reached €14 billion.

The New Markets division continued its growing trend and, with the main contribution of Poland, closed the month with positive net sales of €200 million. Total Assets under Management in this division reached €9.5 billion.

The US division registered negative net flows of €529 million, mainly due to the closing of some Institutional mandates. Total Assets under Management stood at €50 billion ($68.7 billion).

Germany saw negative net flows of €248 million. Total Asset under Management stood at €49.6 billion.

Italy also registered a negative result for €268 million. Total Assets under Management stood at €110 billion while market share grew 9 basis point to 15.52%.

The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported positive net flows in April of €50 million. Total Assets under Management in Hedge Funds reached €4.8 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