First-half inflows at the UniCredit subsidiary, which has offices in 28 countries, soared to €10.7 billion, up from €4.4 billion a year ago.

Italy-headquartered Pioneer Investments generated record inflows of €10.7 billion ($11.7 billion) in the first half of the year.

The firm’s assets under management increased 19 per cent year-on-year to €221 billion at the end of June thanks to healthy contributions globally. Pioneer highlighted strong flows from markets including Germany, Italy, Iberia and Latin America, as well as positive momentum in the US and Asia businesses.

Pioneer Investments ranked eighth in Europe and 15th worldwide year-to-date through June, according to Morningstar.

“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,” said Giordano Lombardo, chief executive and group CIO of Pioneer Investments.  

“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.”