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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.

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 founded
  • Invest a.d. 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 ESPA SHORT TERM EMERGING-MARKETS*) 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 ESPA 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) founded, since 2009 member of Erste Asset Management

1990

  • “Danubia-Invest“ (today ESPA 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 ESPA BOND EURO-MÜNDELRENT) is launched – the first gilt-edged form of investment fund in Austria

1986

  • First Austrian equity fund launched
  • The “Vienna-Invest“ fund (today ESPA STOCK VIENNA) allows Sparinvest to benefit from an unprecedented gold rush at the Vienna stock exchange

1982

  • “Reserva“ (today ESPA BOND EURO-RESERVA), the first fund for severance and pension provisions is launched

1979

  • “Sparfonds“ (today ESPA RESERVE EURO PLUS*) is launched as first Austrian money market fund

1969

  • “Combirent“ (today ESPA BOND COMBIRENT*), is launched as first Austrian schilling-denominated bond fund
  • “Intertrend“ (today ESPA BOND INTERNATIONAL*) is launched as first international bond fund in Austria
  • Sparinvest enters the market of bond funds

1965

  • Sparinvest KAG founded

 

Risk notes according to Austrian Investment Fund Act of 2011 for ERSTE RESPONSIBLE MICROFINANCE 

ERSTE RESPONSIBLE MICROFINANCE may make significant investments in investment funds (UCITS, UCI) pursuant to section 71 of the 2011 Austrian Investment Fund Act.
 
The Austrian Financial Market Authority (FMA) hereby warns: In accordance with section 166, para. 1, point 3 of the 2011 Austrian Investment Fund Act, ERSTE RESPONSIBLE MICROFINANCE solely invests in alternative investments that might bear higher investment risks compared with traditional investments. These investments in particular may incur losses up to the total amount of the invested capital.

 

Risk notes according to Austrian Investment Fund Act of 2011 for ESPA SHORT TERM EMERGING MARKETS

ESPA SHORT TERM EMERGING MARKETS may make significant investments in demand deposits or time deposits with a maximum maturity of 12 months pursuant to section 72 of the 2011 Austrian Investment Fund Act.
 
ESPA SHORT TERM EMERGING MARKETS may make significant investments in derivatives (including swaps and other OTC derivatives) pursuant to section 73 of the 2011 Austrian Investment Fund Act.

 

Risk notes according to Austrian Investment Fund Act of 2011 for ESPA STOCK EUROPE-EMERGING

ESPA STOCK EUROPE-EMERGING may exhibit increased volatility due to the composition of its portfolio: i.e. the unit value can be subject to significant fluctuations both upwards and downwards within short periods of time.
 
ESPA STOCK EUROPE-EMERGING may make significant investments in demand deposits or time deposits with a maximum maturity of 12 months pursuant to section 72 of the 2011 Austrian Investment Fund Act.
 
ESPA STOCK EUROPE-EMERGING may make significant investments in derivatives (including swaps and other OTC derivatives) pursuant to section 73 of the 2011 Austrian Investment Fund Act.

 

Risk notes according to Austrian Investment Fund Act of 2011 for ESPA RESERVE EURO PLUS 

ESPA RESERVE EURO PLUS may make significant investments in demand deposits or time deposits with a maximum maturity of 12 months pursuant to section 72 of the 2011 Austrian Investment Fund Act.
 
In accordance with the fund provisions approved by the Austrian Financial Market Authority (FMA), ESPA RESERVE EURO PLUS intends to invest more than 35% of its assets in securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the prospectus, para. II, point 12.

 

Risk notes according to Austrian Investment Fund Act of 2011 for ESPA BOND COMBIRENT 

In accordance with the fund provisions approved by the Austrian Financial Market Authority (FMA), ESPA BOND COMBIRENT intends to invest more than 35% of its assets in securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the prospectus, para. II, point 12.
 

 

Risk notes according to Austrian Investment Fund Act of 2011 for ESPA BOND INTERNATIONAL 

ESPA BOND INTERNATIONAL may make significant investments in derivatives (including swaps and other OTC derivatives) pursuant to section 73 of the 2011 Austrian Investment Fund Act.
 
ESPA BOND INTERNATIONAL may make significant investments in investment funds (UCITS, UCI) pursuant to section 71 of the 2011 Austrian Investment Fund Act.
 
In accordance with the fund provisions approved by the Austrian Financial Market Authority (FMA), ESPA BOND INTERNATIONAL intends to invest more than 35% of its assets in securities and/or money market instruments of public issuers. A detailed list of these issuers can be found in the prospectus, para. II, point 12.

 

Disclaimer

This document is an advertisement. All data is sourced from ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. and 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 Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. and 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 § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the  web site www.erste-am.com 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 investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com.

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. 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.

Please note that investments in securities entail risks in addition to the opportunities presented here. The value of shares and their earnings can rise and fall. Changes in exchange rates can also have a positive or negative effect on the value of an investment. For this reason, you may receive less than your originally invested amount when you redeem your shares. Persons who are interested in purchasing shares in investment funds are advised to read the current fund prospectus(es) or the Information for Investors pursuant to § 21 AIFMG, especially the risk notices it or they contain, before making an investment decision.

Please consult the corresponding information in the prospectus or Information for Investors pursuant to § 21 AIFMG for restrictions on the sale of fund shares to American citizens. Misprints and errors excepted.