Erste Asset Management - Blog

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Paul Severin am 30th December 2016

2016 – a capital markets year in review

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2016 was full of surprises on the stock exchanges. At the beginning of the year, economic concerns in China, the second-biggest economy in the world, triggered drastic losses on the stock exchanges. Over the year, cautious optimism gradually returned: the oil price recovered, and the stock exchanges in the emerging markets rebounded. Brexit and Donald Trump failed to affect the sentiment of market players. Instead, the global equity barometer rose particularly in the second half of the year by a large degree (see the chart below). With the help of cyclical companies and financials, which often command heavy weightings, especially US-stock markets set new highs. The development of European and Asian exchanges was relatively disappointing.

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Sevda Sarp am 28th December 2016

Turkey Outlook 2017 – Light at the end of the tunnel

Ulrike Gruber / www.art-of-zeug.at

Turkey faced a lot of difficulties in 2016 – both on the economic and political side. On the economic front, the first half of the year was a recovery period where most of the macro data showed improvement, political turmoil had diminished and equity market was pretty much on hold while the market participants had positive views in general. A new Prime Minister and a new Governor for the Central Bank was appointed, who started his term with a positive tone with respect to Monetary Policy. On the other hand, in the second half of the year Turkey had to cope with a lot of turmoil.

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Gerhard Winzer am 16th December 2016

US central bank confirms trend reversal

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We have seen a number of trend reversals this year, one of them being the end of the negative growth surprises. The forecast of economic growth and inflation are currently not subject to downwards revisions any longer. Read more

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Paul Severin am 14th December 2016

Toys: A happy Christmess!

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At Christmas, gifts have become tradition. For all those with children, toys are among the most popular Christmas presents.

However, a look into history reveals that Christmas and presents have not always gone together. Meanwhile, the toy industry has long since become a huge business.

Reason enough to scrutinize toy manufacturers in terms of sustainability. Our sustainability experts are addressing this issue in the current sustainability magazine.
Read the current issue here: esgletter.en.erste-am.com

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Gabriela Tinti am 12th December 2016

High dividends with real estate funds

(c) Fotolia

Authors:Gabriela Tinti (Senior Fondsmanagerin Aktien Schwellenländer)
Stephanie Clam Martinic (Senior Fund Manager Multi Asset Management) and Gabriela Tinti (Senior Fund Manager Equities Emerging Markets)

In spite of the increase in prices, the interest in real estate is unwaning

In view of the current level of real estate prices, direct real estate investments are hardly affordable anymore for private investors. The purchase of real estate requires substantial equity at the outset, which for the investors is associated with high risk. In addition, incidentals and administrative costs for the construction and maintenance of the construction project are a burden. Whoever wants to buy real estate, should also have the necessary know-how in the field, because any two properties are never the same. An alternative solution to participate in the rising value of real estate is to invest in real estate funds.Read more

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Paul Severin am 09th December 2016

The EU has the chance to make the seed legislation fit for the future

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ARCHE NOAH was founded 26 years ago. The careful, protective handling of seeds and the protection of the diversity of agricultural crop has been the focus of the charitable association ever since. More than 15,000 members, patrons, and partners who invest money and ideas in the mission of maintaining the diversity of agricultural crop support ARCHE NOAH.

How does ARCHE NOAH see the issue genetically modified organisms and patents on food and seeds?

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Gerhard Winzer am 02nd December 2016

Italy – the third domino

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On Sunday 4 December Italy will be holding a referendum on an amendment to the constitution. This is relevant particularly because in case of a rejection, the political uncertainty would increase.

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