Pioneer Investments Appoints New Associate Portfolio Manager For Pioneer Multi-Asset Real Return Fund
04 Mai 2012 - 4:38PM
Business Wire
Pioneer Investments today announced that Howard Weiss has been
named Associate Portfolio Manager of Pioneer Multi-Asset Real
Return Fund (PMARX), effective May 1, 2012. Howard joins current
managers Michele Garau and Kenneth J. Taubes, who have served as
Portfolio Managers on the fund since its inception in May 2010.
“Howard has proven himself to be an important contributor to the
Pioneer Multi-Asset Real Return Fund,” said Taubes, who is also
Chief Investment Officer, U.S. “He is a sharp analyst with an
excellent ability to evaluate individual securities and sectors. He
performs rigorous and disciplined research across all market
sectors and is a valued resource across our equity and fixed income
departments,” Taubes added.
Weiss has seven years of industry experience. He joined Pioneer
in 2007 and served as an Associate Portfolio Manager and Large Cap
Core Equity Analyst until 2010, primarily supporting Pioneer Fund,
Pioneer Equity Income Fund and related institutional strategies
with aggregate assets of approximately $14 billion. In that role,
he evaluated investment opportunities across a wide range of
sectors and industries. From October 2010 until August 2011, Weiss
worked for Citadel Investment Group, LLC as an analyst within
Surveyor Capital Group, their wholly-owned hedge fund seed capital
program. He rejoined Pioneer in 2011 and began supporting Pioneer
Multi-Asset Real Return Fund.
Prior to Pioneer, between 2005 and 2007, Weiss was a Vice
President at Bank of America within the Investment Management
Solutions group, as well as the Corporate Development and Business
Strategy team. From 2003 to 2005, he was an Asset/Liability analyst
at Darling Consulting Group, where he worked on risk analysis for
banking clients. He has a B.S. in Finance from Pennsylvania State
University, and a Master of Science in Finance and a Master of
Business Administration from the Carroll Graduate School of
Management at Boston College. He is a Chartered Financial
Analyst.
About Pioneer Investments
Pioneer Investments is the trade name for Pioneer Global Asset
Management S.p.A. and its subsidiaries, a global investment firm
with offices in 27 countries, 2,000 employees, and approximately
$204 billion in assets under management as of April 30, 2012, of
which approximately $64 billion was managed in the U.S. Founded in
1928, its flagship mutual fund, Pioneer Fund, is the third-oldest
mutual fund in the U.S. Pioneer Investment Management, Inc. is the
investment advisory subsidiary of Pioneer Investment Management USA
Inc. Pioneer Investment Management USA Inc. is the North American
operating subsidiary of Pioneer Global Asset Management S.p.A., a
wholly-owned subsidiary of UniCredit S.p.A.
Pioneer Funds Distributor, Inc. is the Underwriter and
Distributor for Pioneer mutual funds, 60 State Street, Boston, MA
02109, Member SIPC.
Please consider a fund’s investment objectives, risks,
charges and expenses carefully before investing. The prospectus
contains this and other information about a fund and should be read
carefully before you invest or send money. To obtain a prospectus
or summary prospectus and for other information on any Pioneer
fund, contact your adviser, call 800-225-6292 or visit our website
at us.pioneerinvestments.com.
A Word About Risk All investments are subject to risk,
including the possible loss of principal. Pioneer Multi-Asset Real
Return ("MARR") Fund has the ability to invest in a wide variety of
securities and asset classes.In addition, the Fund is
non-diversified which means it can invest a higher percentage
of its assets in the securities of any one or more issuers. This
will increase the Fund's potential risk exposure.The Fund may
invest in underlying funds (ETFs and unit investment trusts).
In addition to the Fund's operating expenses, you will indirectly
bear the operating expenses of investments in any underlying
funds.The Fund and some of the underlying funds employ
leverage, which increases the volatility of investment returns
and subjects the Fund to magnified losses if an underlying fund's
investments decline in value.The Fund and some of the underlying
funds may use derivatives, such as options and futures, which
can be illiquid, may disproportionately increase losses, and have a
potentially large impact on Fund performance.The Fund and some
of the underlying funds may employ short selling, a speculative
strategy. Unlike the possible loss on a security that is purchased,
there is no limit on the amount of loss on an appreciating security
that is sold short.The Fund may invest in inflation-linked
securities. As inflationary expectations increase,
inflation-linked securities may become more attractive, because
they protect future interest payments against inflation.
Conversely, as inflationary concerns decrease, inflation-linked
securities will become less attractive and less valuable.The
Fund may invest in credit default swaps, which may in some
cases be illiquid, and they increase credit risk since the fund has
exposure to both the issuer of the referenced obligation and the
counterparty to the credit default swap.The Fund may invest in
subordinated securities which may be disproportionately
adversely affected by a default or even a perceived decline in
creditworthiness of the issuer.The Fund may invest in floating
rate loans. The value of collateral, if any, securing a
floating rate loan can decline or may be insufficient to meet the
issuer's obligations or may be difficult to liquidate.The Fund
may invest in event-linked bonds. The return of principal and
the payment of interest on event-linked bonds are contingent on the
non-occurrence of a pre-defined "trigger" event, such as a
hurricane or an earthquake of a specific magnitude.The Fund may
invest in commodities. The value of commodity-linked
derivatives may be affected by changes in overall market movements,
commodity index volatility, changes in interest rates, factors
affecting a particular industry or commodity, international
economic, political and regulatory developments, supply and demand,
and governmental regulatory policies.Investments in equity
securities are subject to price fluctuation.Small-and
mid-cap stocks involve greater risks and volatility than large-cap
stocks. International investments are subject to special
risks including currency fluctuations, social, economic and
political uncertainties, which could increase volatility. These
risks are magnified in emerging markets.Investments in fixed
income securities involve interest rate, credit, inflation, and
reinvestment risks. As interest rates rise, the value of fixed
income securities falls.The Fund may invest in mortgage-backed
securities, which during times of fluctuating interest rates
may increase or decrease more than other fixed-income securities.
Mortgage-Backed securities are also subject to
pre-payments.Prepayment risk is the chance that mortgage-backed
bonds will be paid off early if falling interest rates prompt
homeowners to refinance their mortgages.High yield bonds possess
greater price volatility, illiquidity, and possibility of
default.These risks may increase share price volatility.There
is no assurance that these and other strategies used by the Fund or
underlying funds will be successful.Please see the prospectus
for a more complete discussion of the Fund's risks.
Pioneer Investments, Inc., 60 State Street,
Boston, MA. 02109. © 2012 Pioneer Investments
Member of the UniCredit Banking Group, Register
of Banking Groups
Not FDIC InsuredMay lose valueNo bank guarantee
25679-00-0512
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