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US giant moving into UK market

Giant US fund group Pioneer Investments is entering the UK retail market later this year with a range of funds it claims will differentiate it from its British rivals.

The Boston-based group will either market into the UK some of the 48 funds it has domiciled in Luxembourg or launch portfolios specifically designed for the British market.

Existing funds it is likely to promote include the flagship £3.5bn Pioneer America fund and the £4.3bn US high yield fund.

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