Erste Asset Management

15 sustainable funds of Erste Asset Management with highest award

15 sustainable funds of Erste Asset Management with highest award
(c) Erste AM
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  • All submitted sustainable funds of Erste Asset Management awarded top marks by the association for sustainable investments Forum Nachhaltige Geldanlagen (FNG)
  • Total amount of sustainable investments in Austria increased by 29% in 2020 compared to the previous year and reached a new record volume at the end of 2020

All submitted sustainable investment funds of Austrian fund company Erste Asset Management (Erste AM) were awarded the highest possible FNG Siegel – the quality standard for sustainable investment funds in German-speaking countries – today. The Forum for Sustainable Investments e.V. (FNG) is the professional association for sustainable investments in Germany, Austria, Liechtenstein and Switzerland.

According to the FNG, the total amount of money invested in Austria, taking into account strict environmental, social and responsible corporate governance (ESG)-related criteria, increased by 29 percent in 2020, reaching a new record volume of 38.9 billion euros at the end of 2020. Sustainable investment funds in particular saw significant inflows, with a volume of EUR 21.2 billion, up around 44 percent year-on-year.

“Positive change is possible. With every additional investor who opts for a sustainable investment fund, the pressure on companies to take sustainable criteria into account in their corporate orientation increases. Here we have been able to demonstrate countless successes in the past and are also very positive for the future,” emphasizes Walter Hatak, Head of Sustainability at Erste Asset Management.

281 funds in German-speaking countries checked through their paces

The FNG seal, which is awarded for the 6th time this year, is the quality standard for sustainable investment funds in German-speaking countries. The holistic methodology of the FNG seal is based on a combination of ESG standards and several transparency criteria as well as the consideration of labor & human rights, environmental protection or anti-corruption.

281 funds applied for the SRI quality standard FNG Seal. This is 60 percent more than last year and 7 times more since the label was launched in 2015. The number of fund houses applying increased from 73 to 102, and these come from 14 countries.

“ESG is not done yet. After all, that would mean that the climate crisis has been defeated and corporate social ills have been eliminated. We are working every day to achieve this goal, but it will still take some time. The recent award where we received the highest score for all funds submitted (15 in total) confirms that we are on the right track and take our responsibility as an Austrian sustainability pioneer very seriously,” Hatak continues.

Market leader in Austria: more than 14 billion euros in sustainable funds  

With a sustainably invested volume of more than EUR 14 billion (as of 31.10.2021), in a total of 50 sustainable mutual funds and several special funds of a broad expertise, Erste AM is the market leader and pioneer in the sustainability sector in Austria: already in 2001, the first environmental equity fund was launched, which has been managed in cooperation with WWF Austria since 2006. In 2009, Erste AM was the first fund company in Austria to sign the United Nations Principles for Responsible Investment (UN PRI).

Since 2012, the fund company has refrained from investing in outlawed weapons, excluded food speculation in all mutual funds in 2013 and has excluded investments in coal mining since 2016. In addition, the fund company decided back in 2015 to sign the Montréal Carbon Pledge agreement. Erste AM thus undertakes to measure and publish the carbon footprint of its portfolios on an annual basis.

Read all about greenwashing and sustainable investing in our new ESGenius newsletter:

https://blog.en.erste-am.com/dossier/greenwashing/

AWARDED ERSTE AM-FUNDS

·       ERSTE ETHIK AKTIEN GLOBAL
·       ERSTE ETHIK ANLEIHEN
·       ERSTE GREEN INVEST
·       ERSTE RESPONSIBLE BOND
·       ERSTE RESPONSIBLE BOND EM CORPORATE
·       ERSTE RESPONSIBLE BOND EURO CORPORATE
·       ERSTE RESPONSIBLE BOND GLOBAL HIGH YIELD
·       ERSTE RESPONSIBLE BOND GLOBAL IMPACT
·       ERSTE RESPONSIBLE RESERVE
·       ERSTE RESPONSIBLE STOCK AMERICA
·       ERSTE RESPONSIBLE STOCK EUROPE
·       ERSTE RESPONSIBLE STOCK GLOBAL
·       ERSTE RESPONSIBLE STOCK DIVIDEND
·       ERSTE STOCK ENVIRONMENT
·       ERSTE WWF STOCK ENVIRONMENT

The FNG (Forum Nachhaltige Geldanlagen e.V.), the professional association for sustainable investments in Germany, Austria, Liechtenstein and Switzerland, represents over 220 members who are committed to more sustainability in the financial industry. www.forum-ng.org    

The FNG Seal is the quality standard for sustainable investment funds in German-speaking countries.

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Legal note:
Prognoses are no reliable indicator for future performance.

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Legal disclaimer

This document is an advertisement. Unless indicated otherwise, source: Erste Asset Management GmbH. The language of communication of the sales offices is German and the languages of communication of the Management Company also include English.

The prospectus for UCITS funds (including any amendments) is prepared and published in accordance with the provisions of the InvFG 2011 as amended. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in conjunction with the InvFG 2011.

The currently valid versions of the prospectus, the Information for Investors pursuant to § 21 AIFMG, and the key information document can be found on the website www.erste-am.com under “Mandatory publications” and can be obtained free of charge by interested investors at the offices of the Management Company and at the offices of the depositary bank. The exact date of the most recent publication of the prospectus, the languages in which the key information document is available, and any other locations where the documents can be obtained are indicated on the website www.erste-am.com. A summary of the investor rights is available in German and English on the website www.erste-am.com/investor-rights and can also be obtained from the Management Company.

The Management Company can decide to suspend the provisions it has taken for the sale of unit certificates in other countries in accordance with the regulatory requirements.

Note: You are about to purchase a product that may be difficult to understand. We recommend that you read the indicated fund documents before making an investment decision. In addition to the locations listed above, you can obtain these documents free of charge at the offices of the referring Sparkassen bank and the offices of Erste Bank der oesterreichischen Sparkassen AG. You can also access these documents electronically at www.erste-am.com.

N.B.: The performance scenarios listed in the key information document are based on a calculation method that is specified in an EU regulation. The future market development cannot be accurately predicted. The depicted performance scenarios merely present potential earnings, but are based on the earnings in the recent past. The actual earnings may be lower than indicated. Our analyses and conclusions are general in nature and do not take into account the individual characteristics of our investors in terms of earnings, taxation, experience and knowledge, investment objective, financial position, capacity for loss, and risk tolerance.

Please note: Past performance is not a reliable indicator of the future performance of a fund. Investments in securities entail risks in addition to the opportunities presented here. The value of units 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 units. Persons who are interested in purchasing units in investment funds are advised to read the current fund prospectus(es) and the Information for Investors pursuant to § 21 AIFMG, especially the risk notices they contain, before making an investment decision. If the fund currency is different than the investor’s home currency, changes in the relevant exchange rate can positively or negatively influence the value of the investment and the amount of the costs associated with the fund in the home currency.

We are not permitted to directly or indirectly offer, sell, transfer, or deliver this financial product to natural or legal persons whose place of residence or domicile is located in a country where this is legally prohibited. In this case, we may not provide any product information, either.

Please consult the corresponding information in the fund prospectus and the Information for Investors pursuant to § 21 AIFMG for restrictions on the sale of the fund to American or Russian citizens.

It is expressly noted that this communication does not provide any investment recommendations, but only expresses our current market assessment. Thus, this communication is not a substitute for investment advice, does not take into account the legal regulations aimed at promoting the independence of financial analyses, and is not subject to a prohibition on trading following the distribution of financial analyses.

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