- Net sales up 15% globally YoY (FY2014 : €13.2 billion)
- Assets under management up 11% YoY to €224 billion (FY2014: €201 billion)
- Multi-asset and liquid alternatives strategies continue to see strong traction
Global asset manager Pioneer Investments continued to deliver strong results posting record inflows of €15.2 billion globally in 2015. Year-on-year net sales were up 15% and assets under management were €224 billion at the end of December 2015, up 11% from December 2014. Reflecting asset growth across all business units, Pioneer Investments saw notably robust flows from Italy and Germany, as well as positive momentum in Asia and Latin America.
According to Morningstar mutual fund flows data, the firm ranked 4th worldwide in the multi-asset space and 9th in the alternative fund segment, thanks to the strong flows into Pioneer Investments’ multi-asset and liquid alternative strategies. These growing asset classes complemented Pioneer Investments’ longstanding fixed income and equity franchises, which continued to contribute to the firm’s results in 2015.
Giordano Lombardo, CEO and Group CIO of Pioneer Investments, commented, “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.
“We are committed to preserving our clients’ capital by continuing to adhere to our time-tested investment approach including remaining focused on risk-management, seeking opportunities for our clients during periods of market weakness, investing with a long-term view for our clients,” he added.
Against a backdrop of record low yields and diminishing returns from traditional asset classes, Pioneer Investments has continued to evolve its product offering, providing innovative investment solutions to its clients. For example, Pioneer Investments’ target income range, designed to provide investors with an enhanced income stream garnered over €10 billion in assets in less than four years since launch. Pioneer Investments’ high-conviction equity offerings such as the US Fundamental Growth, and European Potential strategies were also amongst the top asset gatherers. On the fixed income side, Pioneer Investments expanded its offering in 2015 with the launch of an innovative global GDP-weighted bond strategy and an Emerging Markets Bond short-term strategy.