Pioneer enters Taiwan funds market

It partners with ING to distribute products through local banks.

Four years after setting up a full-fledged office in Hong Kong, Pioneer Investments has entered the Taiwan market via a distribution agreement with ING Securities Investment Management, one of the largest independent Sices securities investment consulting enterprises in that market.

ING already serves as a conduit for other fund managers that don't want to set up an expensive on-the-ground distribution operation, including Aberdeen Asset Management, Alliance Capital and Investec. As a Sice, ING can recommend offshore...

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