Pioneer posts record flows on back of Italy and liquid alts

Liquidation increasesPioneer Investments saw €15.2 billion of net sales globally in 2015 – its best ever figure and an increase of 15% on the year before.

The firm highlighted sales from Italy and Germany as contributing significantly.

Assets under management had increased by 11% to €224 billion over the year to the end of December 2015.

Pioneer said that Morningstar data showed the firm ranked 4th worldwide in multi-asset fund flows and 9th in the alternative fund segment, the latter due to strong flows into its liquid alternative strategies.

Last year, Pioneer clients expressed high interest in liquid alternatives at the firm’s annual client conference.

Pioneer also says its target income range, which is designed to provide investors with an enhanced income stream, garnered over €10 billion in assets in less than four years since launch.

Giordano Lombardo, chief executive and group chief investment officer of Pioneer Investments, said: “It’s gratifying to see the continued trust our clients have shown in us. We are singularly focused on this responsibility, particularly given the current market volatility and liquidity conditions, as well as macro concerns such as the effectiveness of monetary policies at this stage, the outlook for China, and the trajectory of emerging market economies.”

In April last year, it was announced that Pioneer and Santander Asset Management would merge.

©2016 funds europe

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