Pioneer Investments: Global Net Inflows of 2.5 billion euro in the first half 2006

Pioneer Investments: Global Net Inflows of 2.5 billion euro in the first half 2006
4.6 billion net inflows of the new perimeter (Pioneer+Hvb)

(Data as of 30 June 2006)


Pioneer Investments closed 2006 first half of the year with net flows of €2,509 million and HVB asset management companies registered in the same period net flows of €2,145 million. Total new perimeter net flows are €4.6 billion.

Italy Business Unit saw negative inflows of €387 million during the first half of 2006 with mutual funds Italian Market (Assogestioni perimeter) producing negative sales of €5.5 billion during the period.

The International division (ex Italy) saw positive flows of over €1 billion, mainly due to the Spain (453 million) and Germany, Switzerland and France (411) contribution.

The US closed the first half with net flows of €1.5 billion, entirely registered in the institutional business.

The New Markets division saw in the period positive flows of €277 million, mainly due to the Poland contribution (€215 million).

The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported positive flows in the fist half of €114 million.

Pioneer Investments saw positive net flows of €1,566 million in June. Total Assets under Management stood at €170 billion.

Italy saw negative inflows of €368 million during June with mutual funds Italian Market (Assogestioni perimeter) producing negative sales of €3.3 billion during the same period.
Total Assets under Management in Italy at the end of the month stood at €106 billion.

The International division (ex Italy) saw positive flows of €93 million, mainly due to the Asia result (€162 million). Total Assets under Management stood at €15 billion.

The US closed the month with positive sales of €1,821 million, referred to institutional mandates of Vanderbilt. Total Assets under Management reached €42.7 billion ($54 billion).

The New Markets division saw positive sales of €20 million in the month. Total Assets under Management in this division is about €6 billion.
The Alternative Investments division (net flows and AuM data are included in the reported numbers for other divisions) reported negative flows in the month of €44 million. Total Assets under Management in Hedge Funds stood at €4.5 billion.


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



For more details:
Camilla Pedraglio
Head of Media Relations
Pioneer Investment Management SGRpA
Ph. +390276223228
Camilla.pedraglio@pioneerinvest.it
www.pioneerinvestments.it