Asset Management presents
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Video on www.erste-am.at
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First Austrian bond fund
60s
The Golden 60s
1969 - 2015
Development Assets under Management
The COMBIRENT fund keeps growing in spite of the oil price shock and turbulences on the capital markets.
1960er “Volksaktien” peaked in Germany
SPARINVEST KAG
ATS
ing s v a S unt o Acc
1963 Assassination of John F. Kennedy
Business idea: Investment funds should provide access to capital markets for large parts of the population.
1965 4.5 mn €
29.03.1965 Establishment of Sparinvest KAG. The founding institutes were: Girozentrale, Steiermärkische, and Deutsche Girozentrale.
1966 Cultural Revolution in China
1968 Prague Spring is crushed 1969 First Austrian bond fund (ESPA BOND COMBIRENT)
Assassination of Martin Luther King
First international bond fund (ESPA BOND INTERNATIONAL)
1969 First man on the moon
Decade of bonds
1970
70s
87.2 mn €
1971 Foundation of NASDAQ Stock Exchange
NEW
1973 Collapse of Bretton-Woods (system of fixed exchange rates)
MON EY M AR FUND KET S
1975 159.9 mn € 1978 First Austrian short term bond fund (ESPA RESERVE EURO PLUS)
1978 First test-tube baby
Bond management competence is developed
1970 - 1980
1980
1979/80 Dramatic price increase of raw oil in the First Golf War
80s
370.6 mn €
Pioneering spirit and changes
I D MO
1981 US-Fed fund rates at 19% (savings banks crisis); Interest rate high of Austrian government bonds
Booming equity markets in spite of the slump of the Dow Jones index of 22% on Black Monday in 1987. Gold rush at the Vienna stock exchange.
1984 Assassination of Indira Gandhi
1986 First Austrian equity fund (ESPA STOCK VIENNA)
1986 Chernobyl nuclear reactor accident
1985
October 1987 Black Monday at the stock exchanges: Dow Jones minus 22%
1.0 bn € 1988 Launch of the ESPA BOND EURO-MÜNDELRENT
Equity management competence is built up. 1989 Fall of the Berlin Wall
1989 Launch of the ESPA BOND DOLLAR
1990
90s
2.5 bn €
Decade of restructuring 1990 German Reunification
1990 First East European equity fund (ESPA STOCK EUROPE-EMERGING) 1991 Foundation of ÖTOB (Options and Futures Exchange) in Vienna
1995 6.4 bn €
1994 Merger of Sparinvest with the fund company of Bank Austria to form Sparinvest Austria
1995 Begin of the privatisation of the Austrian steel industry
The end of Socialism in Eastern Europe. Austria joins the EU.
1997 Hong Kong is handed over to China / Asian Crisis
1997 First East European fixed income fund of convergence c andidates in Austria (ESPA BOND DANUBIA)
Kyoto Conference on Climate Change
1998 Establishment of ERSTE-SPARINVEST KAG following the merger of Erste KAG (EKA) and Sparinvest Austria
1998 Launch of balanced funds
(Rouble) Crisis in Russia 1999 First high yield fund (ESPA BOND EUROPE HIGH YIELD)
Emerging Markets and Eastern Europe competence is developed.
2000
Turn of the millenium
15.9 bn €
2000 New Economy sector: Burst of the Dotcom bubble
2000 Launch of the ESPA STOCK BIOTEC
€
2001 Launch of the first environmental equity fund (current fund name: ERSTE WWF STOCK UMWELT)
2001 9/11 Terror attack World Trade Center
First Turkey fund in Austria (ESPA STOCK ISTANBUL)
2002 Introduction of Euro bank notes and coins in Austria
First fund for corporate bonds (ESPA BOND EURO CORPORATE) 2003 Launch of the first r esponsible global fund (ERSTE RESPONSIBLE STOCK GLOBAL)
2005
2003 Begin of Iraq War
23.8 bn €
10
€ 2007 All-time-high of ATX-Index
10
2008 Establishment of Erste Asset Management
Mega trends in equities and fund innovations dominate product offering. Pioneering work in environmental funds: cooperation with WWF.
2008 Lehman default
A range of sustainable funds is built.
2009 Zero interest rate policy of US Federal Reserve
2009 Launch of the first closed-end funds (“Basket-funds”)
2010
2010 s
26.7 bn €
The decade of the central banks 2011 Arabian Spring and sovereign debt crisis in the euro zone
2011 Launch of the ERSTE RESPONSIBLE BOND EURO-CORPORATE 2012 European bailout fund
2013 Regain of market leadership in Austria Start of the YOU INVEST funds in Austria
2014
2014 Roll-out of YOU INVEST: introduction of a new, innovative investment concept across the entire region
2014 Zero interest rate policy by ECB
30.8 bn €
0g 100
Modern asset management Chat With YOU INVEST, @ Blog we have created an innovative investment product. Thanks to new media, investing has become even easier for retail investors.
also for retail clients
Asset Allocation Rising demand for asset allocation solutions due to turbulent capital markets
YOU INVEST CLUB
>33 bn Euro
03/2015 33.1 bn. €
2015 Swiss National Bank discontinues minimum exchange rate of the Swiss franc
2010
2015
ECB announces bond purchase program
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1965
2015 ERSTE-SPARINVEST sets a new all-time high in terms of assets under management
Competencies
Bond Management
Asset Allocation
Equity Management
Emerging Markets & Eastern Europe
Sustainable Investment
Selected Awards 2003 2005 2007 2007 2008 2008
Best large fund company in Austria and Germany Best fixed income fund investment company in Germany Best European fixed income fund investment company Trigos Award for sustainable mutual funds Best investment company in the past three years Top asset manager in Germany
2010 201 1 2013 2014 2015
Top fixed income fund manager in Austria and Germany Top asset manager fixed income funds in Austria and Germany Best bond fund manager Top 5 asset manager in Germany, Austria, and Switzerland Best bond fund manager in Austria As well as hundreds of awards for our funds
Legal disclaimer: This document is an advertisement. Please note that any investment in mutual funds involves risks. 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 Erste Group Bank AG.