With the ERSTE REAL ASSETS mixed fund, investors can invest in real assets – and have indeed been doing so for two years now. On the occasion of the fund’s two-year anniversary, Philip Schifferegger, fund manager of ERSTE REAL ASSETS, is taking a look at the current market situation. He also explains why the fund is well equipped for both positive and negative market phases.
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“The demand for affordable housing remains high”
ERSTE IMMOBILIENFONDS is celebrating its 15th anniversary this month. The portfolio now comprises 85 properties in 10 cities with real estate assets of around EUR 2 billion. In this interview, Peter Karl, CEO of ERSTE Immobilien KAG, talks about the development of the fund and the challenges on the real estate markets in the face of rising interest rates and high inflation.
Central banks weigh risks
Most recently, central banks have signaled a somewhat less sharpish stance, as an effect of the rapid key rate hikes on the monetary environment has already become visible. However, recent economic data are dampening hopes for a rapid decline in inflation, as Chief Economist Gerhard Winzer explains in his market commentary.
Damage makes wise – Herd panic and the lessons learned
Last weekend, for the third time in two months, a US bank found itself in turmoil. After Signature Bank and Silicon Valley Bank (SVB) slid into crisis in March after customers withdrew billions in funds, First Republic Bank has now been hit. A look at the history books shows that banking crises and bank runs have happened time and again. However, the lessons learned from them helped to make the banking system more robust and stable.
Elections in Greece – an end to the never ending story?
The Greek sovereign debt crisis is now more than 10 years old. Many observers saw this event as the starting point of a never-ending story. However, if one looks at the recent past, Greece convinced with positive aspects. Many see the upcoming parliamentary elections on May 21 as the last major obstacle to regaining the country’s investment grade rating.
Eastern Europe Economies Outperforming the Eurozone
The Vienna Institute for International Economic Studies sees the economies of Eastern Europe on a growth path. The bottom seems to have been reached. Now investing in the region’s leading companies?
International Monetary Fund/World Bank Group Spring Meetings 2023
The annual Spring Meetings of the International Monetary Fund and the World Bank bring together high-ranking representatives from business, the financial sector and politics. Fund manager
Tolgahan Memişoğlu reports on his impressions.
Voting – Impacting companies through voting rights?
By submitting shareholder proposals at annual general meetings and exercising voting rights, investors can lobby companies to take measures in the direction of social responsibility, environmental protection or better transparency. In the previous year, Erste AM exercised its voting rights at 495 companies. In the blog post, we show what this entails using three examples.
Where is the recession?
The global economy grew strongly in the first quarter of 2023. At the same time, inflation remains too high, which is why central banks will continue to pursue a restrictive monetary policy. Although growth indicators are good to strong, there are therefore increased risks of recession.
Türkiye: President Erdogan Focuses on Economic Issues in Election Campaign
The hot phase of Turkey’s election campaign has begun, with parliamentary and presidential elections to be held simultaneously in the country on 14 May. In addition to the consequences of the earthquake disaster in early February, the Turkish citizens are also suffering from the massive inflation.