Pioneer Investments, a venerable mutual fund company in the United States but a new name in Asia, is doing the rounds among its distributors here as it tries to establish a presence and is pointing out that not all investments in the US are struggling.
There's a lot of talk about the US markets being overvalued and not going anywhere, says Boston-based David Joy, senior vice president and director of global investment communications. It is true, the broad averages aren't doing great, but there are opportunities in value-style investments, particularly in small- and mid-cap equities as well as in high-yield bonds.
Pioneer has distribution arrangements with Prudential Securities US and Merrill Lynch, and Joy is...
