FAQ
Mutual funds combine the capital from a large number of investors, investing it in equities, bonds and other securities (such as real estate and commodities). The investor buys shares in a basket of securities managed by professionals. In contrast to purchases of individual shares or bonds, success is not dependent on a single investment. The effect of a poor performance of one security can be absorbed by good performances of others.
The price or value (net asset value) of a fund unit varies over time. It is linked to the performance of the securities and assets held by the fund. The price is calculated daily. The fund price already includes the management fee. However, the initial charge, which falls due at the time of purchase and the other fees, as for instance individual account and deposit fees, are not taken into account.
You can begin investing in fund units with very small amounts. Our s Fonds Plan allows you to put aside regular amounts, from as little as EUR 30 a month.
So you only need a small sum to start investing in the international securities markets.
Note: Depending on the performance of the investment fund, the performance of an s Fonds Plan will differ from that of a single investment (higher or lower). A loss of capital is possible in both cases.
You can buy or sell all Erste Asset Management mutual funds on any day. The fund unit issue and redemption prices are calculated daily using objective and verifiable valuation methods.
The KIDs and factsheets offer you more detailed information on the respective mutual 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.
Mutual funds qualify as special funds. Even if the fund company or custodian bank were declared insolvent, the fund assets would not be considered part of the bankruptcy assets: they remain separate. In addition, fund providers are subject to constant monitoring and surveillance by the Austrian Financial Market Authority (FMA) and external auditors.
The SRI is a standardised risk indicator that takes into account both, the volatility of a financial instrument (market risk) and the creditworthiness of the issuer (credit risk).
For „investment funds“, only market risk is included in the calculation, as investment funds are set up in accordance with InvFG 2011 as “Sondervermögen” and therefore the credit rating of the managing company has no influence on the calculation of the SRI. An exception in the calculation of the SRI are so-called „guarantee funds“, as these funds are guaranteed by an external credit institute, whose credit worthiness is taken into account in the calculation of the SRI.
The calculation results in a ranking on a scale that runs from 1 to 7, with 1 being the lowest and 7 being the highest risk. The grades within the 7-part scale do not match the 7-part scale of the SRRI.
Basically you can sell your fund at any time. The recommended (or minimum) holding period is a legally required item of information to be included in the KID. They are determined on the basis of the asset class of the respective fund and its type-specific maturity, including a qualitative assessment in each individual case.
It is crucial to understand that the holding period alone do not suffice for a complete picture of any possible risks. They always need to be looked at together with the prospectus, the “Information for investors pursuant to Article 21 AIFMG” and the KID.
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.