Rollercoaster ride for markets – Update from the Investment Division

Rollercoaster ride for markets – Update from the Investment Division
Rollercoaster ride for markets – Update from the Investment Division
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What has happened since yesterday ?

The markets for risky assets went through a rollercoaster ride yesterday. For large parts of the European trading session and in the beginning in the US, most stock markets were clearly in the red. For example, the US leading index, the S&P 500, lost up to 2.5%. However, investor sentiment turned around in the late afternoon after the Fed announced that it would also buy individual corporate bonds on the secondary market. This represents a further expansion of its purchasing programs and signals that the Fed will continue to take aggressive measures to support economic recovery and corporate financing.

The S&P 500 finally closed the day at +0.8%. The Asian markets were also boosted by this news and the Japanese Nikkei rose by 4.9%. The markets are ignoring the new infections in China and assume that a possible second wave of infections will not result in any new broad-based lockdown measures.

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

DOSSIER

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The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung 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 investor document/KID can be viewed in their latest versions at the web site www.erste-am.com 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 investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com.

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