In February negative results for €426 million. The positive trend continues in US and New Markets the total result is offset by Italy's results, affected by italian Asset Management industry pattern
(data as of 28th February 2007)
Net outflows of €426 million were reported by Pioneer Investments in February. Total Assets under Management stood at €228 billion.
The US division continues the positive trend and closed the month with positive net sales of €225 million. Total Assets under Management stood at €47.3 billion ($62.5 billion).
The New Markets division also continued its growing trend and closed the month with positive net sales of €121 million. Net sales are driven by Poland that contributed in February with over €90 million. Total Assets under Management in this division reached €8.65 billion.
Italy saw negative inflows of €544 million, in the month, consistent with the industry. Total Assets under Management stood at €109.9 billion.
Germany saw net redemptions of €210 million. Total Asset under Management reached €49.45 billion.
The International division (ex Italy and Germany) saw negative net flows of €17 million. Total Assets under Management stood at €12.77 billion.
The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported positive net flows in February of €40 million. Total Assets under Management in Hedge Funds reached €4.8 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