Frontiers

On the Frontiers of Economic Research

Marco Pirondini Global CIO, Pioneer Investments

In a fast-changing world, being on the frontiers of research has become a must.

For Pioneer Investments this is also a natural evolution, since a research-based investment process has always been one of our core characteristics. Aiming at the cutting edge is part of our “DNA”.

With Trends in Savings and Wealth we have chosen to share with our clients and all interested parties the ideas we are developing with the help of academics from both sides of the Atlantic and of open-minded investment professionals.

The Asset Management industry is structurally innovative due to a combination of changing needs, a constant broadening of the environment and to technological and product development. Clients’ investment horizons are becoming longer for the overall market, due to the increased need for life-cycle investing. Every year market appreciation and new saving flows feed into the expansion of assets under management. New areas of securitization and economic growth continually broaden the boundaries of the industry, while financial innovations produce new instruments and solutions. Change cannot be mastered without analysis and perception.

Furthermore, information overloads may lead to sub-optimal choices, especially in very dynamic environments. As service providers we must seek positive sum games that benefit the clients, while enhancing the ability of the industry to provide useful, straightforward and efficient solutions.

Pioneer Investments has a long-standing tradition of research and of strategic thinking that I am committed to preserve and develop. For us going public with Trends in Savings and Wealth represents both a new milestone and a new responsibility.