Erste Asset Management - Blog

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2016/12/iStock_000013878393XLarge_FED-890x390.jpg
Gerold Permoser am 27th July 2017

Quo Vadis, Federal Reserve? – Part 2

(c) iStock

Taylor Rule – precise formula, vague Inputs

Since 2008, the key-lending rates in the USA seem to have been significantly too low as measured by the Taylor rule. With some economists blaming Alan Greenspan’s loose monetary policy as partially responsible for the financial crisis of 2008, the question is whether we are in for a déjà-vu.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/07/iStock_chart-illustration-890x390-1500449158.jpg
Harald Egger am 26th July 2017

Style management in practice: part 2

(c) iStock

Having defined and explained various management styles in equity management in part 1, we will now have a look at the specific styles and their return/risk ratio over time.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2016/12/iStock_000013878393XLarge_FED-890x390.jpg
Gerold Permoser am 24th July 2017

Quo Vadis, Federal Reserve? – Part 1

(c) iStock

The US central bank has embarked on a cycle of interest rate hikes. The question is: by how much will the interest rates increase still, and at what point will it reach a level detrimental to the economy, where equities should be regrouped into asset classes less sensitive to the economic cycle?

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/07/iStock_chart-illustration-890x390-1500449158.jpg
Harald Egger am 20th July 2017

Style management in practice: part 1

(c) iStock

A clear sense of style is not only important in fashion, but more and more so in equity management as well. But what does “style” mean in equity management? Do stylistic preferences change over time, like in fashion? If so, what triggers those changes? Questions upon questions, but before we go into detail in part 2 of this series, let us first clarify what we mean by style(s):

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/06/iStock_5333288_LARGE-890x390-1497437800.jpg
Gast-AutorIn / Guest Author am 14th July 2017

Alternative investment strategies: part 3

Christian Süttinger, Senior Fund Manager

Author: Christian Süttinger
Senior Fund Manager Multi Asset Management

In Part two of this series on alternative investment strategies, we described the most important strategies “trend following”, “global macro”, and “long/short equity”. In this Part three, we will be looking at approaches that are less well-known but equally tried and tested.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2016/12/iStock_000036853790_Full-890x390-1499783378.jpg
Gerold Permoser am 12th July 2017

Which factors drive equity markets?

© iStock.com

It is almost impossible to speak with fund managers and not address the economy or monetary policy. Why is that so? This blog entry will try to answer the question on the basis of data from the US equity market from 1950 onwards.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/05/2017_05_02_iStock_EZB_Bank_000035028616_XXXLarge-890x390.jpg
Gerhard Winzer am 10th July 2017

Monetary policy of central banks is tightening up

(c) iStock

Volatility has increased on the markets. The main reason for this has not occurred often in the past years: statements by the central bankers according to which the extremely expansive monetary policy will be reeled in. Are we going through a trend reversal?

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2015/08/iStock_000059963534_XXXLarge-890x390.jpg
Gabriela Tinti am 07th July 2017

China makes A-shares accessible to the global market

© iStock.com

China has been increasingly opening up to the global market. Last year the Renminbi was taken into the currency basket of the International Monetary Fund in October 2016. Now, another step towards liberalisation has followed. China has cleared A-shares for international trade via trading platforms.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/07/iStock-171321791-890x390-1499088142.jpg
Gerold Permoser am 04th July 2017

Germany: is the economy about to face a hot summer?

(c) iStock

The IFO business climate index calculated by the Munich-based IFO Institute is regarded as the most important German economic indicator. At 115.1, the value released for June last week was the highest since the launch in January 1991. It was also clearly above the value that had been expected by the financial analysts on average. The signs for substantial economic growth in Germany seem favourable.

Read more

http://blog.en.erste-am.com/wp-content/uploads/sites/13/2017/06/iStock_5333288_LARGE-890x390-1497437800.jpg
Gast-AutorIn / Guest Author am 03rd July 2017

Alternative investment strategies: part 2

Christian Süttinger, Senior Fund Manager

Author: Christian Süttinger
Senior Fund Manager Multi Asset Management

After illustrating what alternative strategies are in part 1 of this series, how they work, and what benefits and disadvantages they come with, we would now like to discuss some of the most important representatives of this set of strategies. In the following strategies (also called hedge funds), the majority of the capital invested is allocated to alternative models.

Read more

Subscribe to Blog by E-Mail