Strategies for Markets in Transition


The Road Ahead - Opportunities in 2021

Transitioning Markets: Where to Now?

After a tumultuous 2020 that had many eager to ring in a new year, in our view early indications suggest that we have reason for cautious optimism. What do we expect to see for equity markets, cyclical value and growth, fixed income and the US dollar?

Equity Markets

Cyclical Value and Growth

Fixed Income

US Dollar

Learn more in our  2021 Economic & Market Update Quick Guide

We believe our equity and fixed income investment strategies are well-positioned and diversified* to help you adjust to markets, an economy and new political landscape. 

Our high quality growth and sustainable large-cap core strategies, together with our municipal bond strategies, provide opportunities designed to help meet these challenges and potentially prosper through this period of massive transition. 

*Diversification does not assure profit or protect against loss

2021: The View Ahead

Find out more about:

  • Biden and Democrats Take Control Despite Trump Protesters
  • 2021 Economic & Market Update
  • Inspiring Calm When Markets are in Transition



Understanding the Perils of Passive

Passive exposure to large-cap growth has been a popular choice among long-term investors, but we believe shifting market conditions require a reassessment. The Russell 1000® Growth Index has become so concentrated that it may no longer be considered “diversified” in our view.


Is it Time To Reconsider Value?

Value and core equity strategies have trailed in recent years, while mega-cap technology and growth stocks have dominated returns to an extent not seen for decades. As this dynamic unwinds, we believe investors should consider increasing allocations to flexible core strategies that can  transition from growth to value securities. 


Looking to Maximize After-Tax Income?

Amid a weakened economy, global pandemic and election uncertainty, our highly experienced municipal bond fund managers David Eurkus and Jonathan Chirunga share their insights into the outlook for this crucial market.

Watch the video on

Outlook for High Quality & High Yield Municipal Bonds: Pandemic & Politics


Jonathan Chirunga
Managing Director, Portfolio Manager, Deputy Director of Municipals
David Eurkus
Managing Director, Portfolio Manager, Director of Municipals


Opportunities in Equity funds

A Flexible Core Equity Strategy Pursuing Sustainable Growth

Pioneer Fund has invested in quality sustainable businesses since its inception in 1928, flexibly allocating to both value and growth companies to pursue the best opportunities for risk-adjusted returns over time.

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Looking for Growth, but Concerned About Volatile Markets?

Pioneer Fundamental Growth Fund invests primarily in US large capitalization companies for long-term capital growth. We believe investing in quality stocks at attractive valuations can generate attractive risk-adjusted returns over time.

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Opportunities in Municipal Funds

Tax-Free Income from a Selectively Constructed Portfolio of High-Yield Municipal Bonds

Pioneer High Income Municipal Fund seeks to provide investors with attractive tax-exempt income, emphasizing nationally diverse sectors and downside risk management.

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A Tax-Exempt Municipal Bond Strategy for a Time of Transition

Pioneer AMT-Free Municipal Fund seeks to provide investors with a high level of current income,  exempt from federal income tax, by investing in investment grade bonds focused on sectors that provide essential services to America.

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Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your financial professional or Amundi US for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it from our  literature section.

Securities offered through Amundi Distributor US, Inc.
(Formerly Amundi Pioneer Distributor, Inc.)
60 State Street, Boston, MA  02109
Underwriter of Pioneer mutual funds, Member  SIPC.  

Not FDIC insured | May lose value | No bank guarantee