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:
Head of Media Relations
Pioneer Investment Management SGRpA