Latest Posts
China’s roadmap for the future: A look at the new five-year plan
Although China’s economy is expected to grow less strongly in the coming years, Beijing is focusing on quality and therefore growth in promising sectors. Read today’s blog post to find out why innovation, technology and key strategic industries are the focus of the new five-year plan and what opportunities this presents for investors.
Private market investments in a mixed portfolio – understanding the opportunities, recognising the risks
In market phases characterised by heightened volatility, a weakening economy and structural changes in the global economy, private market investments are becoming increasingly important – for both institutional and private investors.
Investment Update 2026: Assessing Current Geopolitical Risks
Recent geopolitical developments in the Middle East have increased uncertainty across global financial markets. Rising energy prices, higher volatility and a fragile risk sentiment raise key questions for investors: are markets facing short‑term disruptions, or a more lasting shift in the economic outlook?
Weekly Winzer: The energy price shock in the Middle East
The sharp rise in energy prices remains the number one topic on the markets. While the medium and long-term consequences of the Iran war still depend on many unknowns, the upcoming interest rate decisions this week are also in focus.
Investing in private markets
What role do private markets play? How does active value creation work? These and other questions are answered in this blog post.
Weekly Winzer: Escalation in Middle East
After the weekend, energy prices continued to rise significantly amid the Iran war. How risky is the conflict for the global economy and how do we act in portfolio positioning? Chief economist Gerhard Winzer assesses the market situation at the start of the week.
Financial independence for women: a key skill in today’s world
On International Women’s Day, we are focusing on a key issue for the future: financial independence as the key to female self-determination. In times of economic uncertainty in particular, it becomes clear how crucial financial independence is – especially for women who want to shape their future independently of their partner or family structures.
Escalation in the Middle East: How we protect your portfolio – and what you should do now
The conflict between the USA and Iran escalated over the weekend. A large-scale series of attacks were launched against military targets in Iran, including the killing of the country’s spiritual leader, Ayatollah Ali Khamenei. What do the attacks mean for the markets and how do we position ourselves in response?
London Calling – New momentum for the UK stock market?
The UK is starting 2026 with optimism: falling inflation, improved sentiment indicators, and hopes of imminent interest rate cuts are driving momentum in the economy – and on the stock market. In today’s blog post, we take a look at the UK economy and stock market.
Trump’s tariff hammer
The US Supreme Court has put a stop to the majority of tariffs. The Trump government’s response: new tariffs – even if they already have an expiration date. Is uncertainty now increasing again?
Weekly Winzer: Is the situation between the USA and Iran escalating?
Tensions between the US and Iran have intensified again in the past week. Is there a threat of escalation and what impact will the conflict have on the financial markets?
Liquidity management instruments: what they are and how they can help
Due to new regulatory requirements, investment companies must introduce liquidity management tools (LMTs). But what exactly are these LMTs and what are their benefits? We explain this in this article.
After a strong IPO year, there could be even more this year
Following a comeback last year, the IPO market is experiencing a further upswing. According to experts, several factors point to a large number of IPOs this year. In today’s blog post, we take a look at which sectors and companies could take the plunge onto the trading floor in 2026.
Weekly Winzer: Sector rotation
The stock markets are rising, which is not surprising given the fundamentally positive environment. However, the sector rotation away from growth stocks and toward value stocks is becoming increasingly noticeable. Chief Economist Gerhard Winzer explains the reasons for this in his weekly market commentary.
Market update: “Business as usual”
The new year has so far continued in the same vein: there has been a flood of news on the markets, while the stock markets remain robust, undeterred by the perceived high level of uncertainty. In recent weeks, events have been dominated by the appointment of the future US Federal Reserve chairman and price turbulence in gold and silver.
Sustainable investing 2026: From orange back to green?
Despite political headwinds, the outlook for sustainable investing is positive. Renewable energies are continuing to gain ground, but this trend is not yet fully reflected on the capital market. Read more in the blog post by Walter Hatak, Head of Responsible Investments.
Economy, geopolitics and AI – that was the World Economic Forum in Davos
From geopolitics to AI, the range of topics at this year’s World Economic Forum in Davos was diverse. The conflict over the USA’s Greenland claims was the main focus of the summit. In today’s blog post, we look at what else was on the agenda at the meeting of leading politicians and economic experts.
Energy hunger and energy transition: what environmental technologies have to do with AI
With the rapidly growing power requirements of modern AI applications, renewable energies, high-performance grids, and flexible storage solutions are coming into focus. Read why the energy question is becoming a decisive factor in the digital future in our new blog post.
Gold and silver prices continue record rally
While all eyes were on the conflict surrounding US President Donald Trump’s Greenland plans this week, the prices of gold and silver continued their record run unabated. The reasons for the rally are manifold and are unlikely to disappear any time soon. It doesn’t always have to be physical gold to participate in this trend. More on this in today’s blog post.
USA demands control over Greenland: What are the possible consequences?
After US President Donald Trump continued to demand that the US gain control over Greenland, he has now announced further tariffs against certain EU countries. How might the Greenland issue develop, and what are the possible consequences?
A new “D” in the D world
With the “Donroe Doctrine”, a new term is shaping the first few weeks of the year. Despite the geopolitical events, the markets are proving robust, which is probably also due to positive economic data. Read more about this in the latest commentary by Chief Economist Gerhard Winzer.
Stock markets end turbulent year close to record highs
Trade conflicts, interest rate decisions, geopolitical tensions and the ongoing AI boom – 2025 had a lot in store for investors. Despite a turbulent year on the stock markets, the most important share indices close close to all-time highs. In today’s blog post, you can find out which sectors particularly shone in 2025 and which topics shaped the year as it drew to a close.
Reality check for the market outlook
Just before Christmas, the markets were once again on fire: numerous interest rate meetings and fresh economic data caused a stir. While expectations for the coming year seem largely set, the new signals from the central banks provide material for a reality check – especially with a view to 2026. Which scenario will win the race and where are the risks lurking?
Fed rate cut – A Christmas present
As expected, the US Federal Reserve has lowered its key interest rate once again. This is a positive step for the markets. But how will the Fed continue with its interest rate policy in the new year?
Market update: “Boom or Bust?“
The hype surrounding artificial intelligence continues to shape the markets and ensure sustained momentum. Nvidia in particular is impressing with strong results. At the same time, there are positive signals from the political arena. You can read more about the current market situation in the latest update from Gerald Stadlbauer, Head of Asset Management.
Netflix vs. Paramount: Who will win the bidding?
The takeover battle for Warner Bros. Discovery is making headlines: Following Netflix’s planned acquisition of the media group, Paramount has responded with a surprise counteroffer. Who will prevail in the battle between the streaming and film companies, and what does the bidding war mean for investors? Find out more in today’s blog post.
The Tulip Mania
History often serves as a cautionary tale for investors, reminding us that speculative bubbles are usually recognised only after they burst. Just as the Tulip Mania of the 17th century.
COP30: What remains of the World Climate Conference?
The COP30 climate conference in Brazil did produce a new package of measures—but there was no major breakthrough. Read today’s blog post to find out why the phase-out of fossil fuels is still a long way off, what new initiatives have been launched, and how the results are being assessed.
The United States – a country in transition?
About a year after Donald Trump was elected US president, it is clear that his second term in office will bring many changes to the US – from numerous regulations to an aggressive tariff policy. The effects of these measures are being felt in many areas. Where are the United States heading?
Tech stock fund manager Ruttenstorfer: “AI is more than just a hype”
Investors around the world are wondering whether the current developments surrounding artificial intelligence (AI) are only a hype on the stock markets or actually heralding a new era of value creation. What is really behind the boom? Bernhard Ruttenstorfer, fund manager of ERSTE STOCK TECHNO, assesses the situation.
Argentina: What does Milei’s election victory mean for investors?
Following the surprisingly clear election victory of President Javier Milei’s party in the Argentine midterm elections, he is likely to further accelerate his reform efforts. Fund manager Anton Hauser analyzes the potential implications for Argentina’s economy and investors in an interview.
From High Yield to High Risk: What happens when companies stumble?
High-yield bonds carry a higher risk, but usually offer higher returns. But what happens in the event of a default, i.e., if the company fails to make its payments? Bond fund manager Hannes Kusstatscher explores this question in his blog post.
AI boom and cloud growth: Tech giants set new standards
Artificial intelligence, cloud boom, and new records: Major US tech companies are turning heads with strong figures and ambitious plans. What is behind the current boom at Microsoft, Alphabet, and others? Read more about the latest developments at the tech giants in today’s blog post.
The markets in a gold rush – overheated rally or brilliant opportunity?
Gold on the rise: Will the rally continue and what opportunities are still available for investors? Read today’s blog post to find out what is behind the development of the gold price and why shares in the gold sector might also be worth a look.
Private equity: Central Europe comes into focus
Erste AM is launching a new private equity fund of funds, Erste Diversified Private Equity II. Thomas Bobek, Head of Private Markets, talks about the investment approach and the private markets segment in an interview.
Speed to power: Why Cleantech equities keep catching up
Clean tech stocks continued to catch up in the third quarter. Above all, the energy demand generated by AI remains a key driver for renewable energies and environmental technologies.
Emerging markets surprise: positive development despite tariff headwinds
Despite tougher US tariff policy and political uncertainty, the emerging markets are proving surprisingly robust this year. What factors are behind this and what opportunities are there for investors? Find out more in today’s blog post!
Is the automotive industry facing a new chip crisis?
After delivery problems at a major supplier became known last week, fears of a new chip crisis are spreading in the automotive industry. How do industry associations and leading car manufacturers assess the risk?
The search for stability continues, despite rising stock markets
Despite rising stock markets, investors are increasingly seeking stability and are finding it more and more often in new ‘safe havens’. Portfolio Manager Clemens Brugner explains why this is the case and which asset classes are meant by this.
Between the gold rush and AI hype: what can we expect on the home stretch of 2025?
The investment year is gradually approaching the home straight. And 2025 will be remembered in many ways: From the upheavals surrounding Liberation Day to the ongoing AI rally and the sharp rise in the price of gold. Gerald Stadlbauer, Head of Discretionary Portfolio Management, analyzes what the final quarter of 2025 could bring.
Weekly Winzer: Autumn fog
The ongoing government shutdown in the US is also preventing the publication of important economic data. This makes it more difficult to assess the economic environment in the US. Chief Economist Gerhard Winzer explains possible scenarios in his weekly market commentary.
Precious metal prices soaring: Silver at all-time high
Not only has the price of gold risen sharply so far this year, but other precious metals and commodities are also continuing to increase in price. One reason for this is high demand from industry, especially for the production of electronic components.
Weekly Winzer: Interest rate cuts, government shutdown, and the gold rally
While the price of gold exceeded the $4,000 mark for the first time, the government shutdown in the US also dominated the headlines recently. In today’s interview, Gerhard Winzer answers questions about the impact this is having on the stock markets and what else is happening on the markets.
Cybersecurity: A protective shield in the digital age
Phishing, deepfakes, and targeted attacks on the internet are on the rise—and with them, the cybersecurity industry is growing rapidly. How well equipped are companies to deal with these increasing threats, and where do the opportunities and risks lie for investors? Find out in today’s blog post.
Automotive market: Europe’s industry giants are feeling more optimistic again
Chinese car manufacturers are pushing into Europe – and putting pressure on the domestic industry. Nevertheless, the latter was once again optimistic about the future at this year’s IAA Mobility motor show in Munich. Read more about this in today’s blog post.
Weekly Winzer: Growth rates above expectations
The impact of higher US tariffs on economic growth has so far been less significant as expected. Globally, growth continues to exceed expectations. However, potential downside risks remain.
Federal Reserve cuts US key interest rate
As expected, the US Federal Reserve lowered the key interest rate by 0.25 percentage points yesterday. Chief economist Gerhard Winzer analyzes the interest rate decision and statements by Federal Reserve Chairman Jerome Powell.
Élysée Palace under pressure: who is the real victim of the political stalemate in France?
Yields on French government bonds have risen sharply amid the recent government crisis. How should the current situation in France be assessed?
Chinese stocks: The sleeping giant awakens
China’s stock markets are making a strong comeback after years of weakness – driven by growing confidence among domestic investors and targeted measures by the government in Beijing. Will the rally continue?
Weekly Winzer: Powell opens door to interest rate cut
US Federal Reserve Chairman Jerome Powell signalled a possible interest rate cut in September in Jackson Hole. The markets reacted immediately with price gains – but there is more to his words than pure monetary policy. The Fed is caught between inflation risks, a weaker labour market and growing political pressure.