Pioneer Investments

HUNGARY - Hungary's plan to take over some pension assets held by fund management companies will "frighten" investors and may drive investment firms out of the country, Pioneer warns.

ITALY - The €5.2bn (US$6.4bn) Fondo Cometa has hired nine managers and completed the renewal of mandates for its Monetario Plus, Reddito and Crescita sub-funds due to expire this year.

Emerging markets equities, debt and currency are the asset classes most likely to benefit from the long-term growth prospects of emerging economies, a consultant says.

BELGIUM - The European Fund and Asset Management Association (EFAMA) - the representative body for the European investment management industry - has announced the creation of the "President's Advisory Council".

Alex Beveridge interviews Rob Wescott, former senior economic adviser to the Clinton administration and president of Keybridge Research, and Daniele Fano, head of economic research at Pioneer Global Asset Management, about the market fallout, its effect...