Pioneer Investment and Ibbotson Associates announced a joint launch of the Pioneer Ibbotson Conservative Allocation Fund. The new portfolio, aimed to provide long-term capital growth and current income for risk-averse investors, will be the fourth in the family of the Pioneer Ibbotson Asset Allocation Funds.

The series has reached $100 million in assets since its launch of Pioneer Ibbotson Moderate Fund, Pioneer Ibbotson Growth Fund and Pioneer Ibbotson Aggressive Fund in August of 2004. Management and assets allocation of the portfolios, structured as "funds-of-funds" out of select group of Pioneer mutual funds, is daily conducted by Ibbotson,.

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