Pioneer Investments: net flows in April exceed 200 million euro

Pioneer Investments: net flows in April exceed 200 million euro
+ 143 million euro from alternative investments

During the month of April Pioneer Investments recorded positive inflows of €212 million. 
Total Assets under Management stood at €135.4 billion (unchanged compared with the previous month, due to the negative effect of the equity market).
Since the beginning of the year, total group inflows have reached €3,621 million and total Assets under Management have increased by 4.4% (net sales effect +2.7%, market effect +1.7%).

Italy closed the month with inflows of €156 million. Since the beginning of the year total net flows were positive at €2.6 billion.
Mutual funds recorded inflows of €125 million, despite the negative results seen in the mutual fund industry.
Positive trends continued in the "Third Party" segment (+€135 million) and in the Institutional segment (+€14 million).
Total Assets under Management in Italy at the end of April stood at €97.1 billion, an increase of 4.7% since the beginning of the year.

The International division (ex Italy) contributed positively with total inflows of €85 million (+€688 million since the beginning of the year), resulting from good sales in France.
Total Assets under Management increased by 9.6% since the beginning of the year, and currently stand at €8.6 billion.

The US division closed the month with negative net flows (-€103 million) and -€128 million since the beginning of the year due to redemptions in the fixed income "High Yield" segment.
Offsetting the outflows, good results were seen in the Institutional segment (€31 million).
Assets under Management in this division stood at €25.3 billion, an increase of 1.2% since the beginning of the year (-2.4% compared with the previous month). In dollar terms Assets under Management stood at $32.8 billion.

Positive inflows of €74 million were achieved by the New Markets division, mainly due to successful sales in Poland of Pioneer Treasury Bond (+€48 million) and Pioneer Capital Protection (+€16 million). Positive contributions were also seen from Slovakia and Bulgaria.
Since the beginning of the year net inflows totalling €456 million have been seen.
Total Assets under Management in this division increased by 9.8% since the beginning of the year and currently stand at €4.3 billion.

The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported positive inflows of €143 million due to the placement of the Momentum family of funds. Since the beginning of the year inflows of €302 million have been achieved.
Total Assets under Management in Hedge Funds stood at €4.2 billion, an increase of 10.3% since the beginning of the year and 1.5% compared with the previous month.

The data reported in this release has been compiled on provisional numbers, and is, therefore susceptible, to change