What is a responsible fund?
Numerous international studies confirm that responsibility and yield do not contradict each other. The sustainable funds of Erste Asset Management invest in companies that comply with strict criteria in terms of environmental policies, corporate governance, and general social responsibility. Our RESPONSIBLE funds are managed according to a clearly structured investment approach and benefit from sustainable trends such as renewable forms of energy.
Our current investment tip
ERSTE RESPONSIBLE STOCK DIVIDEND
ERSTE RESPONSIBLE STOCK DIVIDEND is a sustainability equity fund with a focus on dividend that invests worldwide. The fund focuses on large-cap to mid-cap shares of companies, with attractive dividend yields and comparably low price fluctuations in the past.
Exclusion Criteria for the Responsible Funds
Minimum Requirements (affects all mutual funds of Erste AM) |
ERSTE RESPONSIBLE RESERVE ERSTE RESPONSIBLE BOND ERSTE RESPONSIBLE BOND EURO CORPORATE ERSTE RESPONSIBLE BOND GLOBAL IMPACT ERSTE RESPONSIBLE STOCK AMERICA ERSTE RESPONSIBLE STOCK EUROPE ERSTE RESPONSIBLE STOCK GLOBAL ERSTE RESPONSIBLE STOCK DIVIDEND |
ERSTE RESPONSIBLE BOND EMERGING CORPORATE |
ERSTE WWF STOCK ENVIRONMENT | ||||
NUCLEAR ENERGY |
Producers and feeding into the grid |
|
zero tolerance |
max. 5% of sales |
zero tolerance |
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Producers of nuclear reactor core components
|
|
max. 5% of sales |
zero tolerance |
zero tolerance |
|||
Distributors of nuclear reactor core components
|
|
max. 5% of sales |
zero tolerance |
max. 5% of sales |
|||
| BANKS AND FINANCIAL SERVICES
|
Systematic violations of accepted business practices |
|
zero tolerance |
|
zero tolerance |
||
| FRAUD AND CORRUPTION
|
Disregard of legal regulations |
|
zero tolerance |
zero tolerance |
zero tolerance |
||
EMBRYONIC RESEARCH |
Specialized companies |
|
zero tolerance |
zero tolerance |
zero tolerance |
||
Operators and specialized manufacturers |
|
max. 5% of sales |
max. 5% of sales |
zero tolerance |
|||
GMO |
Producers of manipulated seeds |
|
zero tolerance |
zero tolerance |
zero tolerance |
||
Use of manipulated seed |
|
|
zero tolerance |
zero tolerance |
|||
Conscious use of child labor |
|
zero tolerance |
zero tolerance |
zero tolerance |
|||
Coal mining and liquefaction to fuels |
max. 30% of sales |
max. 5% of sales |
max. 5% of sales |
zero tolerance | |||
Share of energy production from coal |
|
max. 20% of production |
max. 20% of production |
zero tolerance |
|||
PORNOGRAPHY |
Producers of pornography |
|
zero tolerance |
zero tolerance |
zero tolerance |
||
Merchant of pornography |
|
max. 10% of sales |
max. 10% of sales |
zero tolerance |
|||
| PREGNANCY TERMINATION | Commercial abortion clinics and pharmaceuticals | zero tolerance | zero tolerance | zero tolerance | |||
ARMS/WEAPONS |
Producers and distributors of weapons systems, outlaw weapons, ABC weapons |
exclusion Outlaw weapons |
zero tolerance |
zero tolerance |
zero tolerance |
||
Producers of other armaments |
|
max. 5% of sales |
max. 5% of sales |
zero tolerance |
|||
TOBACCO |
Producers of end products |
|
zero tolerance |
max. 5% of sales |
zero tolerance |
||
ANIMAL TESTING |
Unless required by law |
|
zero tolerance |
|
zero tolerance |
||
High proportion of fracking, tar and oil sands reserves |
|
max. 20%-share of unconventional reserves |
|
zero tolerance |
|||
Violation of HUMAN RIGHTS |
Violation of internationally recognized principles |
|
zero tolerance |
zero tolerance |
zero tolerance |
||
Violation of LABOUR RIGHTS |
Massive violation of the ILO |
|
zero tolerance |
zero tolerance |
zero tolerance |
||
C O U N T R I E S |
LABOUR RIGHTS
|
Countries with particularly low standards |
|
zero tolerance* |
no relevance |
no relevance |
|
NUCLEAR ENERGY |
Share of primary energy production |
from 40 % * |
no relevance |
no relevance |
|||
AUTHORITARIAN REGIME |
Classification by „Freedom House“ not free |
|
zero tolerance* |
no relevance |
no relevance |
||
CHILD LABOUR |
Countries with widespread use of child labor |
|
zero tolerance* |
no relevance |
no relevance |
||
| CLIMATE PROTECTION
|
Non-ratification of the Kyoto Protocol |
zero tolerance* |
no relevance |
no relevance |
|||
Non-ratification of the paris convention |
|||||||
HUMAN RIGHTS |
Countries with massive restrictions |
|
zero tolerance* |
no relevance |
no relevance |
||
MILITARY EXPENSES |
Military expenditure/BIP |
from 3% * |
no relevance |
no relevance |
|||
DEATH PENALTY |
Death penalty not completely abolished |
|
zero tolerance* |
no relevance |
no relevance |
||
FREEDOM OF ASSOCIATION |
Countries with massive restrictions |
|
zero tolerance* |
no relevance |
no relevance |
||
| *Only relevant for investments in government bonds | |||||||
D I V |
Since 2013, ERSTE ASSET MANAGEMENT pledges to refrain from investing in derivatives on food in all of its managed funds and customer portfolios: | ||||||
Please note the warnings at the bottom of the page.
Responsible funds
Important information:
Please find further information and documents on the respective funds by clicking the fund name in the above overview.
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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.
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.
