Articles about “funds”
Capital markets outlook 2024: good opportunities in the US election year
After a difficult market year in 2022, many asset classes performed much better this year. The outlook for the coming year 2024 is also positive – the central banks’ turnaround in interest rates has brought about a return to normality on the bond market and, with the rise in yields, is also opening up new opportunities for investors. At the same time, the ongoing geopolitical tensions in particular pose a challenge. With the improved yield opportunities for bonds, mixed funds are also coming back into focus.
Five pieces of advice for saving with a fund savings plan
Putting money aside is important. But it is equally important for said money to potentially earn a return. This is where the fund savings plan comes in.
YOU INVEST funds become sustainable – Questions and answers about the reorganization
Gerhard Beulig, Senior Fund Manager at Erste Asset Management, answers the most important questions about the reorganization of the YOU INVEST funds.
A green label does not necessarily mean green on the inside
Funds marketing themselves as green investment do not always focus on companies that fight climate change, develop solar modules or recycle batteries. Instead, many of them look like traditional portfolios holding large tech companies – yet they wear green labels.
Yield opportunity in the bond market: Q4 2021
Most economic indicators for August and September point to a slowdown in economic growth. However, growth rates still remain relatively strong
The best funds of 2020
A turbulent year at the stock exchange has come to a conciliatory end. Those who were invested in funds in 2020 were able to achieve increases in value despite the pandemic and lockdown. Read more about the best funds of 2020 in today’s blog.
Emerging markets corporate bond outlook 2019 + Video
What were the biggest challenges last year, and what are the opportunities in 2019? Emerging markets fund manager Péter Varga answers the most important questions.
Certified Erste AM Funds
The Erste AM RESPONSIBLE funds are subject to constant scrutiny with regard to their sustainable quality.
Certified Erste AM Funds
The Erste AM RESPONSIBLE funds are subject to constant scrutiny with regard to their sustainable quality.
Style management in practice: part 2
Having defined and explained various management styles in equity management in part 1, we will now have a look at the specific styles and their return/risk ratio over time.
Style management in practice: part 1
A clear sense of style is not only important in fashion, but more and more so in equity management as well. But what does “style” mean in equity management? Do stylistic preferences change over time, like in fashion? If so, what triggers those changes? Questions upon questions, but before we go into detail in part 2 of this series, let us first clarify what we mean by style(s).
Curves (part 6) – provider of yields
Have you ever been to a Californian beach? If you have, you may have noticed the hoards of “searching”, elderly people. They would usually be holding a metal rod that beeps, looking for valuables that no-one else has found. And sometimes somebody finds a lost golden watch on the beach. But most of the time the things that turn up are only worthless beer caps.
Curves (part 5) – the offensive decides the match
Football has two strategies. Some prefer focusing on the defensive so as not to concede a goal – i.e. they try to maintain the status quo. Other teams favour the offensive and actively engage in a fight for victory – i.e. they take risks. The strategies on the bond markets are similar. Credit-safe government bonds are preferably used to protect one’s wealth, whereas risky corporate bonds are chosen to produce surplus gains.
Curves (part 3) – peaks and troughs
Investing for the long or the short term? This is the question bond investors ask. In this blog, we will have a look at German government bonds with a remaining time to maturity of two years (2Y; short) and ten years (10Y; long). More specifically, we are interested in the yield differential between the long- and the short-term interest rates. The technical term here is the “slope of the yield curve”.
Curves (part 1) – not only a topic for race drivers
Have you ever been to the Monte Carlo F! Grand Prix? If so, you may have witnessed the problem of turning into a curve too late. The race car hits the crasher barrier faster than the driver can react, and a lot of money has to be thrown at the repair job.
“Black Monday” at the stock exchanges: Why?
Market correction Equities, bonds affected by default risk, commodities, and emerging markets currencies are currently subject to corrections, which, noticeably, have now gone beyond the purview of emerging markets: while the emerging markets equity index declined by almost 6% (Performance-Data Source: Bloomberg, MSCI) last week, the index for developed markets lost 5.3% (Performance-Data Source: Bloomberg, […]
Is the Eurozone facing a turnaround in interest rates?
Eurozone government bonds have ensured very good performance returns in the past years. The asset class has benefited from the zero interest rate policy and the very expansive monetary policy of the European Central Bank. In recent weeks the prices of bonds from Eurozone countries have gone through a correction, above all German government bonds. […]
Corporate bonds with short maturities
Bond investors are faced with a difficult environment. Do corporate bonds offer the chance of a halfway decent yield? Stampfl: The statement that bond investors are faced with a difficult environment is actually an erroneous one. A balanced portfolio consisting of bonds from the peripheral countries and the core countries across all sectors would have […]
The investment segment of emerging markets corporate bonds has matured
For many institutional investors corporate bonds from emerging markets issuers have become an important instrument of portfolio diversification. Our fund management team estimates that a portfolio made up of 70% investment grade bonds and 30% high-yield bonds can yield an average 5% in the medium term. This sort of yield can hardly be achieved with […]
The effects of the ECB policy
Since the cutting of key-lending rates to almost zero in the Eurozone did not suffice to keep the inflation expectations at their long-term target of slightly below 2%, the ECB Council decided in January to expand the central bank money supply until the accomplishment of the target was foreseeable. The possible effect on the financial […]