Pioneer Investments, which was founded 87 years ago, provides diverse investment products to its clients. In July 2017, Pioneer Investments was acquired by Amundi, Europe’s biggest asset manager. As of Sep 30, 2017, Amundi together with Pioneer Investments had more than 1.4 trillion euros of assets under management. It has investment hubs in London, Milan, Boston, Dublin, Paris, and Tokyo.
Amundi Pioneer offers a variety of products including mutual funds, retirement products, institutional strategies and structured products. The main objective of the company is to provide effective investment solutions that will fulfill the needs of its investors. The company, with its experienced workforce and investment professionals, has been able to offer the best opportunities worldwide.
Below we share with you three top-ranked Pioneer mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Pioneer Investment funds.
Pioneer High Income Municipal A (PIMAX – Free Report) seeks high level of returns through growth of income, which is free from the regular federal income tax. PIMAX invests a major portion of its assets in debt securities and obligations which are issued by territories, municipalities, counties, and states of the United States. The fund may also invest in municipal securities with a wide variety of maturities. Pioneer High Income Municipal A has returned 7.4% year to date.
PIMAX has an expense ratio of 0.88% as compared with the category average of 0.95%.
Pioneer Floating Rate A (FLARX – Free Report) seeks maximization of income. FLARX invests a bulk of its assets in several floating rate instruments including floating rate loans. Instruments or securities that “float” or adjust at regular intervals per a specified interest rate are known as floating rate instruments. Pioneer Floating Rate A has returned 2.8% year to date.
