Pioneer Investment selected CACEIS for depositary and fund administration services for the launch of its first French law fund the Neuflize High Yield International 2018

Paris, France, 19-12-2013 — /EuropaWire/ — CACEIS is Pioneer Investment’s asset servicing provider of choice for the launch of its first French law fund, the Neuflize High Yield International 2018, managed as part of an exclusive partnership with Banque Neuflize OBC. CACEIS provides Pioneer Investments with a wide range of services: custody and depositary functions, fund administration and the production of financial and regulatory reports. It also manages the fund’s corporate governance and legal affairs.

A leader in the management of fixed-term funds in France, Neuflize OBC Investissements, the asset-management subsidiary of Banque Neuflize OBC, has developed a range of dedicated products in order to better address its clients’ needs. Neuflize OBC Investissements has expanded its range of fixed-term bond funds, which previously only comprised funds invested in European securities, and has teamed up with Pioneer Investments, a specialist in US and emerging market high yield debt, to market an innovative fund, the Neuflize High Yield International 2018.

The Neuflize High Yield International 2018 is a feeder fund that is fully invested in a master fund managed by Pioneer Investments and made up of a selection of high yield and/or unrated (speculative) bonds with an average maturity of five years. Its objective is to offer a higher return than the French government bond maturing in April 2018. To achieve this objective, the master fund invests in US (75%) and emerging market (25%) corporate bonds, denominated in euro or foreign currencies (dollar or sterling).

Joseph Saliba, Deputy Chief Executive Officer at CACEIS, said: “We are proud to have been selected as the asset servicer for Pioneer Investments’ first UCITS IV French law fund. It demonstrates the quality of our offering and our visibility among major international fund managers. It also serves to strengthen our long-term partnership with Neuflize OBC.”

About CACEIS
CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services  covering depositary and custody, fund administration, middle-office outsourcing, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2012).

www.caceis.com

About Pioneer
Pioneer Investments has been managing funds for 85 years on behalf of its investor clients (institutions, 25%; distributors, 29%; retail and private banking clients, 46%). Founded in the United States in 1928, the company has three investment hubs in Dublin (euro bonds, euro equities and diversified investments), London (emerging markets and euro high yield) and Boston (US bonds and US and other industrialised countries’ equities). Pioneer Investments operates in 27 countries and has 2,000 employees, of whom 340 are investment professionals. At 30 September 2013, the company’s assets under management stood at EUR 169 billion. The company’s investment philosophy is based on three pillars: active, conviction-based management, fundamental research conducted by senior analysts specialised by sector and a portfolio construction team whose objective is to optimise the funds’ risk/return profiles.

Pioneer Investments is the trade name of the Pioneer Global Asset Management S.p.A. (“PGAM”) group. PGAM is wholly owned by UniCredit S.p.A.

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