Pioneer Investments, which was founded 87 years ago, provides diverse investment products to its clients. In July 2017, Pioneer Investments was acquired by Amundi, Europe’s biggest asset manager. As of Sep 30, 2017, Amundi together with Pioneer Investments had more than 1.4 trillion euros of assets under management. It has investment hubs in London, Milan, Boston, Dublin, Paris and Tokyo.
Amundi Pioneer offers a variety of products including mutual funds, retirement products, institutional strategies and structured products. The main objective of the company is to provide effective investment solutions that will fulfill the needs of its investors. The company, with its experienced workforce and investment professionals, has been able to offer the best opportunities worldwide.
Below we share with you three top-ranked Pioneer mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Pioneer Investment funds.
Pioneer High Income Municipal A PIMAX seeks high level of returns through growth of income, which is free from the regular federal income tax. PIMAX invests a major portion of its assets in debt securities and obligations which are issued by territories, municipalities, counties and states of the United States. The fund may also invest in municipal securities with a wide variety of maturities. Pioneer High Income Municipal A has returned 7.4% year to date.
PIMAX has an expense ratio of 0.88% as compared with the category average of 0.95%.
Pioneer Floating Rate A FLARX seeks maximization of income. FLARX invests a bulk of its assets in several floating rate instruments including floating rate loans. Instruments or securities that “float” or adjust at regular intervals per a specified interest rate are known as floating rate instruments. Pioneer Floating Rate A has returned 2.8% year to date.
Jonathan Sharkey is the fund manager of FLARX since February 2007.
Pioneer Value A PIOTX invests a major portion of its assets in securities of domestic companies. PIOTX may also focus on acquiring common stocks through initial public offerings. The fund seeks growth of capital in the long run. It may also invest not more than one-tenth of its assets in foreign companies, including emerging markets. Pioneer Value A has returned 19.8% year to date.
As of September 2017, PIOTX held 56 issues, with 4.73% of its assets invested in Apple Inc (NASDAQ:AAPL).
To view the Zacks Rank and past performance of all Pioneer Investment mutual funds, investors can click here to see the complete list of Pioneer Investment funds.
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