Investment process

Erste Asset Management manages assets of around EUR 81.28bn, invested in a total of more than 386 funds as well as portfolios. Of these, 41.46 percent are private investors and 58.54 percent are institutional investors (May 2024). The share of sustainable assets is EUR 20.81bn (May 2024).

All investment processes are based on the following principles:

The different asset classes, like equities, bonds, commodities, etc. require different methods and models of assessment. The main approaches at Erste Asset Management are:

Here you can download the list of countries where the target funds for the fund of funds may have their headquarters:

Best Execution

Best Execution means “best possible implementation” and refers to the quality standards that apply to Erste Asset Management in the investment process.

We have our own Trading Desk, which is located in the Investment Department. In addition, transactions are carried out directly by our Erste AM fund managers. Only Erste Asset Management-chosen and Erste Group-approved traders may conduct transactions.

Erste Asset Management is based on “Best Execution” requirements of the EU Directive on Markets for Financial Instruments (MiFID).

Sub-Depositaries

Custodian and depositary for investment funds managed by Erste Asset Management GmbH is Erste Group Bank AG , Am Belvedere 1, A-1100 Vienna.
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 is an Austrian investment company with a licence both to manage investment funds according to the Investmentfondsgesetz (investment fund act) and to provide investment consulting and individual portfolio management services (extended licence). Erste Asset Management GmbH and its Austrian subsidiaries (an Austrian investment company licensed to manage investment funds under the investment fund act in each case), collectively referred to as "Erste AM", shall be obliged to act in the best interest of their investment funds and their customers (shareholders). For Erste AM, the issue of "conflicts of interest" is of great importance.

Remuneration policy

Erste Asset Management GmbH established compensation principles in order to avoid possible conflicts of interest and ensure compliance with the rules of conduct in the remuneration of relevant persons. The details of the current remuneration policy can be found here:

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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