Pioneer Investments: Global Net Flows exceed euro 560 million in November

Net flows of over €560 million were achieved by Pioneer Investments in the month of November, €9 billion since the beginning of the year.
Total Assets under Management reached €155.6 billion, an increase of 16.2% since the beginning of the year and +2.2% compared with the previous month, due to the positive effect of the equity market (+1.8%).

Total inflows in Italy exceeded €600 million (+€6.9 billion since the beginning of the year) confirming Pioneer's first position for Net Sales. Mutual funds (Assogestioni perimeter) achieved sales of €429.7 million, in a slightly negative Italian mutual funds market (-€64 million).
Total Assets under Management in Italy at the end of the month stood at €106.1 billion, an increase of 14.4% since the beginning of the year and +1.6% compared with the previous month.

The International division (ex Italy) saw negative of €68 million in the month, with a positive contribution of more than €1.690 million since the beginning of the year.
Total Assets under Management currently stand at €10.9 billion, an increase of 3.2% compared with the previous month (+38.9% since the beginning of the year).

The US close the month with negative sales of €92 million, principally caused to the persist of the flexion of the bond market, in particular in the High Yield sector. Positive flows of €15 million were seen instead in the Institutional segment.
Total Assets under Management in this division stood at €32.9 billion (+12% since the beginning of the year); in dollar terms in the same period assets stood at $38.7 billion.

The New Markets division continued its growth trend, with sales of €117 million in the last month. The largest contribution came from Poland (€87 million), followed by the Czech Republic (€25 million), Croatia and Bulgaria. Positive inflows of €1.2 billion since the beginning of the year, an increase of 147.3% compared to the same period last year. Total Assets under Management in this division stood at €5.6 billion, an increase of 45.7% since the beginning of the year and 5.3% compared with the previous month.

The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported a slightly negative inflows in the month of -€2.5 million, (+€270 million since the beginning of the year).
Total Assets under Management in Hedge Funds stood at €4.5 billion, an increase of 0.8% compared with the previous month and 17.2% since the beginning of the year.


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