FAQs
Information on services in the securities business in accordance with the Accessibility Act
Date: May 2025
Erste Asset Management GmbH: Am Belvedere 1, A-1100 Vienna, Tel: +43 (0)50 100 19845
On this page we describe services relating to the securities business. We explain the most important features and functions of our services. Where legally necessary, we occasionally use certain specialised terms provided for by law. We will then explain the terms. This page is for information purposes only. Legally, what is written in the contract you conclude with Erste Bank und Sparkasse or your principal bank applies.
The most important terms briefly explained
Investment funds collect investors' money. They invest the money according to their strategy, for example in
- securities
- money market instruments
- other investment funds
- demand deposits
- Callable deposits
- Derivative instruments
You buy shares in a professionally managed basket of securities. In contrast to buying a single share or bond, your success does not depend on just one position. If one security underperforms, it can be offset by a positive performance in other securities.
In the case of asset management or portfolio management, we manage the securities portfolio for you. We may then buy and/or sell securities in your name and on the basis of the investment guidelines previously defined and agreed with you.
With a savings plan, you invest money in securities at regular intervals. You can pay the money once a month. However, you can also choose other intervals.
Information about funds
Mutual fund units are available from Erste Bank, Sparkasse and all other banks. Your advisor will be happy to help you choose the most suitable fund. You can also buy fund units online.
You can buy fund units with small amounts. The so-called s funds plan enables you to invest regularly from 50 euros per month. This allows you to participate in the international securities markets with small amounts.
Please note: The average cost effect decreases as the term of the savings plan increases. This means that the money saved behaves more and more as if you had invested the entire amount once. Depending on market developments, it may be more favourable to invest a larger amount once. An investment in securities offers opportunities, but also risks.
You can buy or sell Erste Asset Management's mutual funds almost every day. There are only a few exceptions. The price of a fund unit is calculated according to fixed and verifiable methods. More detailed information can be found in the key information documents and factsheets of the respective mutual funds.
Investment funds are special assets. If the investment fund company or the custodian bank becomes insolvent, the money remains in the fund. It is not part of the bankruptcy estate. Fund providers are constantly monitored and supervised, for example by the Austrian Financial Market Authority and external auditors.
Our service is based on the "SRRI indicator", which ranges from 1 (low risk) to 7 (high risk). Please note that this indicator can change in the future.
The price or calculated value of a fund unit changes over time. It depends on the performance of the securities and assets in the fund. This calculated value is calculated every day. The calculated value includes the management fee. Other costs such as account and custody account fees are not included. To calculate the purchase price, the calculated value is increased by one-off purchase costs (such as issue premium and transaction costs).
You must generally pay capital gains tax (KESt) on income from investment funds. Income refers in particular to gains from the sale of securities, dividends and interest. As the custodian bank, Erste Bank und Sparkasse pays the capital gains tax directly to the tax office. You do not have to do anything else. Please note: Erste Bank und Sparkasse does not advise you on your personal tax issues. The tax implications of an investment always depend on your personal circumstances. Please contact your tax advisor.
In principle, you can sell your fund at any time. The recommended minimum holding period is legally required information in the key information document. It is determined on the basis of the asset class of the respective fund. The typical term and a qualitative assessment in each individual case are also taken into account. It is important to note that the holding period alone does not provide complete information about possible risks. The prospectus, the ‘Information for Investors pursuant to Section 21 AIFMG’ and the key information document must also be considered together.
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. Unless indicated otherwise, source: Erste Asset Management GmbH. 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 website 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 website 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.