Pioneer Investments Bets on Emerging Markets

Count Pioneer Investments among the big money managers dipping a toe in emerging markets again after years of disappointing returns for the asset class. The Boston-based money manager, which oversees roughly US$250 billion in assets, this month began to move money into emerging markets, where it had previously been running an underweight position, said group chief investment officer Giordano Lombardo.

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-Igor P Purlantov