History

No economic future without innovation – it has always been an integral feature of Erste Asset Management to recognise trends early and use them. As one of the first asset managers we launched an equity fund for Central Europe back in 1990. Since then, our range has grown drastically, and our years of experience in asset management continue to drive the pioneering spirit of Erste Asset Management.

2023	ESG basic training for all Erste AM employees. Erste AM biodiversity guideline published. The subsidiary AM SLSP (Asset Management Slovenskej sporiteľne) was merged into the parent company Erste Asset Management GmbH (13.07.2023).
2022	Expansion of the ESG product range in CEE. Additional minimum criteria are introduced for all Erste AM ESG single stock funds. Cooperation with Roten Kreuz Stiftung launched.
2021	Erste Group, and thus Erste Asset Management GmbH, is the first financial institution in Europe to join the Green Consumption Pledge. First impact equity fund with a focus on Socia launched in Austria. Following its registration in the Hungarian commercial register and the launch of business operations as of July 1, 2022, the EAM Hungarian branch (Magyarországi Fióktelepe), located in Budapest, is widening its scope of activities.
2020	Erste Asset Management GmbH launches ESGenius® Rating and ESGenius® App. In cooperation with University of Natural Resources and Life Sciences, Vienna (BOKU), Erste Asset Management GmbH offsets CO2 emissions by supporting international climate projects.
2018	ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. merged with Erste Asset Management GmbH on 3 November 2018 with retroactive effect from 31 December 2017. Erste Asset Management GmbH established on 1 February 2018 a new branch in Slovakia. Erste Asset Management GmbH is the first fund company in Austria to measure the water footprint of its investment funds.
2017	Tirolinvest KAG was merged on 24 October 2017 with ERSTE-SPARINVEST KAG. Erste Asset Management increases the holding stake in ERSTE Immobilien KAG to 75.1%.
2016	RINGTURM Kapitalanlagegesellschaft m.b.H. merged with Erste Asset Management GmbH on 1 November 2016 with retroactive effect from 31 December 2015.
2015	The Czech subsidiary of Erste Asset Management becomes a branch by 18.11.2015 and the name is changed from Investiční Společnost České Spořitelny (ISCS) to Erste Asset Management GmbH, Czech Republic Branch.. ERSTE-SPARINVEST, the largest and oldest company within Erste Asset Management GmbH, celebrated it's 50th birthday in May 2015.
2014	The Croatian subsidiary of Erste Asset Management changes its name from Erste Invest d.o.o to Erste Asset Management d.o.o. Integration of the asset management business of ESPA-Financial Advisors GmbH into Erste Asset Management. Closing-down of the subsidiary ESPA-Financial Advisors GmbH.
2013	Erste Asset Management Croatia increases its market share from 5 to 20%. Erste Asset Management celebrates the World Fund Day in Austria. ERSTE BOND FLEXIBLE RON (formerly BCR Obligatiuni) manages assets worth EUR 1bn in Romania. Re-branding of the funds managed by Erste Asset Management Romania. Erste Asset Management Romania launches a partnership with the Romanian Tennis Federation. Erste Asset Management Romania launches a partnership with the Bucharest University of Economic Studies. Erste Asset Management Romania publishes five new books in cooperation with Publica Publishing as part of the “Little Books, High Yields” series. Termination of all activities in Serbia due to the low volume of the fund market. Erste Asset Management Slovakia introduces two new products, “Šikovné investičné sporenie“ and “Combi deposit Premium“, to the market. Erste Asset Management Hungary moves up to second place in the Hungarian investment fund market.
2012	The German subsidiary of Erste Asset Management changes its name from Erste-Sparinvest Deutschland GmbH to Erste Asset Management Deutschland GmbH. The Hungarian subsidiary of Erste Asset Management changes its name from Erste Fund Management Limited to Erste Asset Management Limited. Exclusion of banned weapons. Erste Asset Management Romania merges the funds “BCR Monetar“ and “BCR Obligaţiuni“ into one fund. Erste Asset Management Romania launches cooperation with Publica Publishing and publishes the investment series “Little Books, High Yields“ as part of an education project.
2011	Erste Asset Management expands its segment by the first responsible corporate bond fund “Espa Vinis Bond Euro-Corporate“ (today ERSTE RESPONSIBLE BOND EURO CORPORATE) issued by an Austrian asset management company. Investment process changed to global tactical asset allocation (GTTA) with the integrated tactical asset allocation (TAA) of equities and bonds.
2010	For the first time Austrian investors can support lending to private individuals in emerging and developing countries and indirectly achieve a social yield by investing in “Espa Vinis Microfinance” (today ERSTE RESPONSIBLE MICROFINANCE).
2009	RINGTURM Kapitalanlagegesellschaft m.b.H. in Vienna becomes a subsidiary of Erste Asset Management. Investiční Společnost České Spořitelny (ISCS) in the Czech Republic becomes a subsidiary of Erste Asset Management. Launching “baskets”, ERSTE-SPARINVEST embarks on a new product family for funds with specific maturities. Changes to the investment process on the basis of derivative overlays – alpha transfer funds tactical asset allocation (TAA) with risk- and maturity-oriented equity exposure.
2008	Erste Asset Management GmbH was founded. Invest a.d. was founded in Serbia. SAI Erste Asset Management SA is founded in Romania taking over the management of all open-ended investment funds and individual investment portfolios from SAI BCR Asset Management SA, a former subsidiary of Banca Comerciala Romana (BCR).
2007	Sparinvest Deutschland GmbH founded. Erste Sparinvest Deutschland GmbH positions itself successfully as boutique provider of ESPA funds. "SPORO Fond maximalizovaných výnosov" (“Sporo Fund of Maximized Returns”) is introduced in Slovakia.
2006	ERSTE-SPARINVEST launches a partnership with World Wide Fund For Nature (WWF). The environmental equity fund “Stock Umwelt” carries the name of the WWF (today ERSTE WWF STOCK ENVIRONMENT).
2005	ERSTE-INVEST Croatia starts managing war veteran fund. “Espa Cash Emerging-Markets“ (today merged to ERSTE BOND LOCAL EMERGING) becomes the first near-money-market fund for emerging markets to be launched in Austria.
2004	The first property fund is launched in Hungary. BCR Dinamic (today ERSTE BALANCED RON) is launched in Romania – the first Romanian investment fund ever.
2003	“Espa Vinis Stock Global“ (today ERSTE RESPONSIBLE STOCK GLOBAL) is launched.
2002	German institutional clients put in their first orders for special funds. Transformation from qualitative to quantitative in the investment process of “tactical asset allocation” (TAA). ERSTE-SPARINVEST introduces a new investment approach in the management of mixed funds: “absolute return”.
2001	The introduction of a security tax in 2001 boosts the popularity of funds of funds. Slovenskej sporiteľne, správ. spol. a.s. is founded as asset Management company of Slovenská sporiteľňa. By launching “Espa Stock Umwelt” (today ERSTE WWF STOCK ENVIRONMENT), ERSTE-SPARINVEST claims a pioneering role in the area of responsible investments.
1999	ERSTE-SPARINVEST launches the first Austrian high-yield bond fund (today ERSTE BOND EUROPE HIGH YIELD).
1998	Investment fund company Erste-Invest d.o.o. founded in Croatia.
1997	“Danubia Rent“ (today ERSTE BOND DANUBIA) is the first fixed income fund featuring East European convergence candidates in Austria.
1996	ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. founded by the merger of a part of Sparinvest Austria and EKA. Restructuring of the remaining part of Sparinvest Austria to Capital Invest.
1994	Merger of Sparinvest and the fund company of Bank Austria to Sparinvest Austria.
1993	Giro Asset Management founded, precursor of Erste Asset Management in Hungary.
1991	Investiční Společnost České Spořitelny (ISCS) was founded, since 2009 it is a member of Erste Asset Management.
1990	“Danubia-Invest“ (today ERSTE STOCK EUROPE EMERGING) is launched after the fall of the Iron Curtain as globally first East European equity fund.
1988	RINGTURM Kapitalanlagegesellschaft m.b.H. founded; part of Erste Asset Management since 2009. “Sparkassen-Mündelrent“ (today ERSTE RESPONSIBLE BOND MÜNDEL) is launched – the first gilt-edged form of investment fund in Austria.
1986	First Austrian equity fund launched With the “Vienna-Invest“ fund (today ERSTE STOCK VIENNA) Sparinvest invests in the Vienna stock exchange.
1982	“Reserva“ (today ERSTE BOND EURO GOVERNMENT), the first fund for severance and pension provisions is launched.
1979	“Sparfonds“ (today ERSTE RESERVE EURO PLUS) is launched as first Austrian money market fund.
1969	“Combirent“ (today ERSTE BOND COMBIRENT), is launched as first Austrian schilling-denominated bond fund. “Intertrend“ (today ERSTE BOND INTERNATIONAL) is launched as first international bond fund in Austria. Sparinvest enters the market of bond funds.
1965	Sparinvest KAG was founded.

ERSTE RESPONSIBLE MICROFINANCE

ERSTE BOND DANUBIA

ERSTE STOCK VIENNA

ERSTE RESERVE EURO PLUS

ERSTE BOND COMBIRENT

ERSTE BOND INTERNATIONAL

ERSTE WWF STOCK ENVIRONMENT

ERSTE RESPONSIBLE STOCK GLOBAL

ERSTE RESPONSIBLE BOND EURO CORPORATE

Disclaimer

This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. All data is sourced from Erste Asset Management GmbH, unless indicated otherwise. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to Art 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011.

The fund prospectus, Information for Investors pursuant to Art 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the web site www.erste-am.com within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.

The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.

Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to Art 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.

Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.

The issue and redemption of unit certificates and the execution of payments to unit holders has been transferred to the Fund's custodian bank/depositary, Erste Group Bank AG, Am Belvedere 1, 1100 Vienna, Austria. Redemption requests can be submitted by investors to their custodian bank, which will forward them to the Custodian Bank/Depositary of the Fund for execution via the usual banking channels. All payments to investors are also processed via the usual banking clearing channel with the investor's custodian bank. In Germany, the issue and return prices of shares are published in electronic form on the web site www.erste-am.com (and also at www.fundinfo.com). Any other information for Shareholders is published in the Bundesanzeiger, Cologne.