Pioneer Selecta European Equity Fund

Up-to-date information

Invests in the following assets:	Primarily the most liquid bluechip stocks of the developed Western-European stock exchanges (e.g. Siemens, Deutsche Telekom, Nestl??).
Possible portfolio elements:	Stocks of multinational companies that are traded in the largest volumes on the exchanges of the Western-European exchanges.Â The FTSE Eurotop 100 European stock index is the benchmark for the composition of the investment portfolio.
Investment target:	To outperform bond returns, and to assure access to the yield of the biggest companies of Europe for the investors of the fund.
Reference index:	90% FTSE Eurotop 100 Index, 10% RMAX Index
Risk level:	Significant risk
Risk factors:	In the first place, there is stock market risk that is affected by international economic and political factors. A remedy for the volatility of individual stocks can beÂ Â the wide diverzification of the portfolio. A minimal risk is the bankrupcy risk of the individual companies, as these firms are the leaders of the market. The Euro/HUF currency rate also influences the performance of the fund, as the stocks are tarded on Euro basis.
Recommended minimum investment horizon:	3 years
Inception:	10.22.1999.
Net asset value - 02-02-2012:	2 864 245 262 HUF
ISIN code:	HU0000702014
Custodian:	UniCredit Bank Hungary Zrt.
Auditor:	Deloitte Könyvvizsgáló és Tanácsadó Kft.

*Nominal returns