Pioneer Investments to add sub-fund to its Lux domicile

Pioneer Investments is adding a new sub-fund to its Luxembourg-domiciled Pioneer Funds range which will invest in different types of fixed income securities. According to Pioneer, different sectors of the bond market have taken turns outperforming one another. For this purpose, the new sub-fund, Strategic Income, will attempt to exploit the performance differential between bond classes by implementing an active, value driven re-balancing of the assets between the bond categories. The fund will be actively managed between US investment grade, international investment grade, US high yi...