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.

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.

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.

Basically you can sell your fund at any time. The recommended holding period for the investment funds of Erste Asset Management is based on the "Synthetic Risk and Reward Indicator" (SRRI, see also Fund Glossary). This risk indicator is calculated according to the regulations issued by the European Securities and Markets Authority and forms an integral part of the key investor information documents (also referred to as KIID). You can find the recommended holding period in the overview of the respective fund or in the fund fact sheet that can also be downloaded. The minimum recommended holding period for a fund with an SRRI of 1 or 2 is three years, while it is five years for a fund with an SRRI of 3 or 4, and seven years for a fund with an SRRI of 5, 6, or 7. The minimum recommended holding period of an equity fund is seven years, for example. 

Disclaimer

This material is an advertisement and serves only to provide additional information about the mutual funds managed by Erste Asset Management GmbH ("Erste AM").

Basic documents about the mutual funds are Fund rules ("Statut") and the Key Investor Information. Statutes of the Funds are submitted to the Czech National Bank in accordance with Czech law and their current versions are available at the registered office of Erste AM or on the website www.erste-am.cz.

The analyses and conclusions published in this material are of a general nature and do not take into account the personal needs of individual investors in terms of income, financial situation or risk tolerance. They are in no way investment recommendations. Any use of this information should therefore be preceded by consultation with a professional investment adviser to ensure that the planned investment is in line with the investor's needs and priorities and to inform the investor of the potential risks of the particular investment.

Where any return is mentioned in the information material, it should always be based on the principle that past returns are no guarantee of future returns. Any investment involves the risk of volatility in value and changes in exchange rates and the return on the original investment and the amount of any profit is in no way guaranteed. Past performance figures include the effect of fees, commissions and taxes associated with the management of the Fund. Only entry and exit fees related to the distribution of units, if any, are not included.

Erste AM and the managed investment funds registered in the Czech Republic are subject to the supervision of the Czech National Bank.