Publications & guidelines

Publications

Stewardship policy

We are committed to act as responsible stewards of the assets we manage and take accountability for our actions. By integrating sustainability into our investment strategies, we want to promote corporate responsible behavior to contribute to a positive social and environmental impact. Our stewardship policy describes the scope of our responsible investment practices and the processes in place to foster sustainable performance, with active ownership at the heart of our strategy. 

Biodiversity

The global crisis biodiversity is facing, is a threat to our planet. Our financial and economic systems are not exempt from this. However, investments in nature also offer opportunities. Erste Asset Management's Biodiversity Policy defines concrete measures and goals that are integrated through our engagements and votes, as an active investor.

Active Ownership

By active ownership we mean our responsibility to not only take into account sustainability issues when selecting the securities for our portfolios as investors, but also to actively push for measures towards social responsibility, environmental protection, or stronger transparency from companies that we invest in.

In doing so, we distinguish between engagement, i.e. the formal or informal dialogue with the company, and voting, i.e. the exercise of voting rights at Annual General Meetings (AGMs). Both activities pursue the goal of strengthening the voice that our clients have given us by investing in our sustainable funds and submitting it to the companies.

 

Once a year we report in depth on our voting and engagement activities:

Voting

Voting is the second central pillar of the active ownership approach of Erste AM. We have exercised the voting rights associated with the shares in our ERSTE RESPONSIBLE funds at Annual General Meetings since 2012. Since 2016, we have also extended the exercise the voting rights to our traditionally managed equity funds. This way, we actively project the voice of our clients as indirect owners of the invested companies.

In order to ensure the transparency and consistency of our voting, we have compiled a detailed guideline and regularly and publicly report on our voting behaviour on our voting portal. This guideline does not only apply to our sustainable equity funds, but also to our traditionally managed equity funds.

Engagement

As engaged investor, we want to achieve an active dialogue with the invested companies within the framework of our sustainability process. This way, we can point out weaknesses in environmental, social, or governance areas and subsequently try to jointly find a solution for improvement. Our engagement is not only a question of responsibility but also contributes to the minimization of risk to enhance the long-term investment success of our clients. As we want to drive change in as many companies as possible, we also engage with those in which we are not invested. We carry out engagement through 3 channels:

Closed collaborative engagements

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. 

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