A week after its Italian parent revealed that it is keeping Pioneer Investments, Pioneer on Friday rolled out two new products.

The fund firm took the wraps off the Pioneer Absolute Return Credit Fund, marking its entry into the absolute return mutual fund arena.

"While many absolute return funds focus on total return, our fund's flexible mandate allows us to generate income while hedging against market volatility in an effort to achieve positive returns over market cycles," explained Michael Temple, who heads up credit research and is part of the team that runs the fund, in the press release. "One of the unique features of this fund is our ability to use different techniques to attempt to protect fund assets during extreme, 'black swan' type market events."

The other new fund on Pioneer's product menu is the Multi-Asset Floating Rate Fund.

"What sets this fund apart is its flexibility to invest in a wide range of floating rate instruments globally, a focus on short durations of one year or less, and a bias towards higher-quality securities," said portfolio manager Charles Melchreit, who's part of the team running the fund, in the press release.  

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