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
You can purchase investment fund units at your Erste Bank and Sparkasse as well as at any other bank. Your advisor will be happy to help you select a fund that is of interest to you. You can also buy funds independently on the Internet.
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.
The SRI is a risk indicator. It shows the risk of financial instruments. The SRI takes into account
- the volatility of a financial instrument (market risk)
- the solvency of the issuer (credit risk)
For investment funds, only the market risk counts. This is because investment funds are considered special assets. The solvency of the managing company plays no role. Guarantee funds are an exception. These funds are guaranteed by an external bank. The solvency of this bank is taken into account in the SRI. The SRI gives a rating on a scale of 1 to 7, with 1 being the lowest risk and 7 the highest risk.
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
All information displayed on our official website is based on sources that Erste Asset Management (Company) (1138 Budapest, Népfürdő u. 24-26., No. of permission: E-100.017-18/2003; H-EN-III-1138/2012; H-EN-III-125/2014) considers credible, but the Company does not take responsibility for them. This document serves as additional information for our investors. It cannot be considered as investment advice, investment offer, analysis or portfolio report.
The capital market, the macroeconomic situation, the investments and return are driven by factors that the Company cannot control. The Company does not take responsibility for consequences of the investor’s decision.
The information displayed are not comprehensive. 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. Past performance is not a reliable indicator of the future performance of a fund.
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.
Please note that investments in securities entail risks in addition to the opportunities presented here.
Before making an investment decision, please read the actual Fund Prospectus - which contains detailed information on investment policy, potencial risks, distribution costs and other related costs - that is available on the website of the Erste Asset Management Ltd. (www.erstelapkezelo.hu) and at place of distributions.
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.