Pioneer Investments has been selected by Davy, a provider of stockbroking, wealth management and financial advisory services in Ireland, for investments in a diversified corporate bond
Pioneer Investments has been selected by Davy, a provider of stockbroking, wealth management and financial advisory services in Ireland, for investments in a diversified corporate bond fund on behalf of Davy private clients.
The assets will be invested in Pioneer Fund – Euro Corporate Bond, the size of which currently exceeds EUR1.4bn.
The fund is designed to offer efficient, diversified corporate bond exposure to Davy clients as part of a global investment portfolio.
Paul Giblin, head of alternative investment at Davy, says: ‘We are very pleased to partner with Pioneer Investments, as our aim is to identify and develop relationships with leading global asset managers in each of the respective asset classes. Pioneer Investments has a very experienced European credit team and this is an excellent combination where their strength in fund management will enhance our capability in designing innovative financial solutions for our clients."
Pioneer Investments manages over EUR90bn in fixed income portfolios globally.
Paul Price, global head of institutional business at Pioneer Investments, says: ‘This appointment is very significant to us and plays to our key strengths in fixed income. Pioneer Funds – Euro Corporate Bond has an impressive track record and this appointment further reflects the consistent performance and significant experience of our Fixed Income team. We are delighted to be in partnership with Davy and look forward to a long and fulfilling relationship with them.’