Pioneer Investments, posted record inflows of €10.7bn globally for the first half of the year.
Building on the first quarter of 2015, Pioneer Investments saw €3.6bn positive net sales in the second quarter positioning the firm as one of the leading players in the industry. According to Morningstar mutual fund flows data, Pioneer Investments ranked 8th in Europe and 15th worldwide year-to-date through June.
The firm’s AUM increased by 19% yoy with assets under management standing at €221 billion as of June 30, 2015. Pioneer Investments’ product range attracted strong flows from markets such as Germany, Italy, Iberia and Latam amongst others, with the firm’s US and Asia businesses also recording positive momentum.
Commenting on these results, Giordano Lombardo (pictured), CEO and Group CIO of Pioneer Investments said, “We are extremely pleased to have again ranked amongst the industry’s top players in terms of fund flows, reflecting our clients’ trust in Pioneer’s investment process. We are seeing especially strong growth in our liquid alternative and outcome-oriented strategies. Our multi-asset mutual fund range attracted particularly strong inflows ranking third worldwide year-to-date through June.”
He added, “While our macroeconomic outlook remains reasonably optimistic for the rest of the year, we do expect market volatility to remain heightened, largely driven by geopolitical factors. Our priority remains to deliver strong investment results and industry-leading service and support to our valued clients.”