Investment process
Erste Asset Management manages assets of about EUR 97.25bn, invested in more than 378 funds. Furthermore Erste AM offers asset management solutions. Retail investors account for 47 percent of assets invested, and institutional investors account for the other 53 percent. The share of sustainable assets is EUR 28.89bn (July 2025).
All investment processes are based on the following principles:
- Team Approach: The specialist teams work closely together. The investment departments also collaborate closely. This provides a key competitive advantage.
- Flexibility: The lines of communication between teams and the investment department’s leadership are short. This allows for a quick response to external events, such as market shocks.
- Consistency: Erste AM remains committed to its chosen investment approach. However, it continuously works on its further development.
- Transparency: The decisions made by fund managers must be transparent. This is the only way to ensure and improve quality.
The different asset classes, like equities, bonds, commodities, etc. require different methods and models of assessment.
The main approaches at Erste Asset Management are:
- Bottom-Up (Qualitative): This approach involves selecting individual securities. These selections influence the portfolio. An example would be Eastern European equities.
- Top-Down: In this approach, macroeconomic analyses influence the portfolio. The focus is on countries or sectors. An example would be mixed funds.
- Fundamental-Quantitative: This method analyzes asset classes using historical fundamental indicators. An example would be global equity funds, where the weighting of countries or sectors is important.
- Technical Models: These models identify short-, medium-, or long-term trends. They generate buy and sell signals. These signals help determine when to buy or sell.
Here you can find the list of countries where the target funds for fund-of-funds may be domiciled:
Best Execution
Erste Asset Management follows the EU Directive on markets in financial instruments (MiFID) with regard to best execution practices. Our goal in doing so is to achieve the optimum result for our clients when executing their orders. Best execution is an integral part of our quality standards.
Three quality standards of Erste Asset Management:
- Group-wide trading desk
- Erste Asset Management fund managers directly execute transactions
- Only selected, licensed traders are authorised to execute transactions
Sub-Depositaries
The custodian bank for the investment funds managed by Erste Asset Management GmbH is Erste Group Bank AG, located at Am Belvedere 1, A-1100 Vienna, Austria. The custodian or depositary uses sub-custodians. The list of sub-custodians can be found here:
Indication of the investment funds managed by Erste Asset Management GmbH
A complete list of the investment funds currently managed by Erste Asset Management GmbH (including investment funds under Czech law) can be found here:
Conflicts of Interest
Erste Asset Management GmbH and its Austrian subsidiaries manage investment funds. They are licensed under the Austrian Investment Fund Act. Collectively, they are referred to as “Erste AM.” Erste AM is required to act in the best interest of its investment funds and clients. The area of “conflicts of interest” is particularly important to Erste AM.
Remuneration policy
Erste Asset Management GmbH has established rules for remuneration. These rules are intended to prevent conflicts of interest and ensure compliance with conduct of business principles in remuneration practices. The details of the current remuneration policy can be accessed here:
The Supervisory Board of the management company has set up a Remuneration Committee, which consists of the following members:
- Mag. Rudolf Sagmeister
- Mag. Harald Gasser (Remuneration Expert)
- Ing. Heinrich Hubert Reiner
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.