Pioneer sees 11% increased in AUM

Global assetsPioneer Investments saw net inflows of €13.8 billion globally in the first nine months of the year and increased its assets under management (AUM) by 11% compared to last year.

AUM reached €217 billion at September 30, the firm reported earlier this week.

The most recent quarter’s net sales were €3.1 billion.

Giordano Lombardo, chief executive officer and group chief investment officer of Pioneer Investments, said: “To maintain our position as one of the top firms in the industry in terms of fund flows is a testament to our robust investment process and our diversified business.”

He said Pioneer is seeing strong inflows and increasing demand from both retail and institutional investors for multi-asset, income-seeking and liquid alternative strategies.

In April, the bank Santander announced it would merge Santander Asset Management with Pioneer.

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