Pioneer Investments recorded inflows of €7.1 billion globally for the first quarter (Q1) of 2015, representing more than half of the firm’s total sales in 2014.
Pioneer’s highest inflows in Q1 came from Europe and Latin America, while the US also saw positive momentum.
Almost half of the total net sales came from the firm’s non-proprietary business, particularly institutions.
The firm's assets under management increased by 25% to €225 billion, year over year.
Giordano Lombardo, chief executive officer and group chief investment officer, says: “There has been a substantial increase in flows into many of our flexible fixed income, multi-asset, and liquid alternative strategies. Our priority remains to continuously evolve our product offering to provide alternative sources of income to our clients.”
In April, it was announced that Pioneer would merge with Santander Asset Management.
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