Erste Asset Management

“Now it starts again”: – Update from the Investment Division

“Now it starts again”: – Update from the Investment Division
“Now it starts again”: – Update from the Investment Division
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What has occurred over the weekend?

Friday saw a countermovement on the stock markets after the sharp declines on Thursday. The US leading index, the S&P 500, rose by 1.3% and the majority of European stock markets were also slightly up. During the weekend there was news from China regarding a new wave of infections. In Beijing, the city’s largest fruit and vegetable market and nearby residential areas had to be closed after several new Covid-19 infections were discovered in these places. The Chinese deputy prime minister said that there was a high risk of further spread.

These reports influenced today’s Asian trade meeting.  The Japanese leading index, the Nikkei, closed down 3.5%. The futures exchanges for European and US stocks also point to losses today. Credit safe government bonds, on the other hand, posted gains. The yield of 10-year US government bonds fell to 0.66% and that of German bonds to -0.44%.

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



Legal disclaimer

This document is an advertisement. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. 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 connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the web site within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the web site A summary of investor rights is available in German and English on the website as well as at the domicile of the management company.

The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.

Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to § 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.

Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.

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