Pioneer Investments: Net sales for over 3,7 billion euro in March. Boom in US
(data as of 31th March 2007)
Net sales of €3,767 million were reported by Pioneer Investments in March. Total Assets under Management topped €232 billion.
The US division continues the positive trend and closed the month with the record result of €3.8 billion, thanks to newly-launched collateralized debt obligations (CDOs) by Vanderbilt. Total Assets under Management grew 8% and is now worth more than €51 billion ($68 billion).
The International division (ex Italy and Germany) recorded positive net sales of €700 million, thanks to a new mandate in Japan. Total Assets under Management reached €13.4 billion.
Germany also saw net sales for €30 million. Total Asset under Management stood at €49 billion.
Italy registered a positive result for €123 million in Assogestioni perimeter, while the division saw negative inflows of €1 billion in the month, mainly due to the closing of Traditional Insurance mandates. Total Assets under Management stood at €109 billion.
The New Markets division continued its growing trend and, with the main contribution of Poland, closed the month with positive net sales of €241 million. Total Assets under Management in this division reached €9.2 billion.
The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported negative net flows in March of €38 million. Total Assets under Management in Hedge Funds is worth €4.7 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