FAQs
Information on services in the securities business in accordance with the Accessibility Act
Erste Asset Management GmbH: Am Belvedere 1, A-1100 Vienna, Tel: +43 (0)50 100 19845
On this page we describe services relating to the securities business. We explain the most important features and functions of our services. Where legally necessary, we occasionally use certain specialised terms provided for by law. We will then explain the terms. This page is for information purposes only. Legally, what is written in the contract you conclude with Erste Bank und Sparkasse or your principal bank applies.
Date: May 2025
The most important terms briefly explained
Investment funds collect investors' money. They invest the money according to their strategy, for example in
- securities
- money market instruments
- other investment funds
- demand deposits
- Callable deposits
- Derivative instruments
You buy shares in a professionally managed basket of securities. In contrast to buying a single share or bond, your success does not depend on just one position. If one security underperforms, it can be offset by a positive performance in other securities.
In the case of asset management or portfolio management, we manage the securities portfolio for you. We may then buy and/or sell securities in your name and on the basis of the investment guidelines previously defined and agreed with you.
With a savings plan, you invest money in securities at regular intervals. You can pay the money once a month. However, you can also choose other intervals.
Information about funds
You can make a payment by submitting request for unit purchase on Netbanking or in the nearest Erste Bank branche. In accordance with the amount on request for unit purchase you have to make a payment according to the information that was previously created on request.
You can begin investing in fund units with very small amounts. Investment plan allows you to put aside regular amounts, from as little as 100,00 HRK a month (15 EUR).
If you decide to make one-time payments to an investment fund, you can do it from 400,00 HRK and more.
In all investment funds managed by Erste Asset Management you can apply request for purchase or request for redemption on a daily basis. Depending on the cut of time (cross-section) of a particular fund, funds may be available to you on the next working day.
Key investor information, monthly reports and fund information on this website will provide you with more detailed information on each investment fund.
Assets invested in investment funds (mutual funds) are considered as separate funds and are deposited in a special, secured account. Namely, if the investment fund management company or the custodian bank declares insolvency, they remain separate. In addition, fund providers are subject to constant monitoring and surveillance (Croatian Financial Services Supervisory Agency - HANFA) and internal and external auditors.
The SRI is a risk indicator. It shows the risk of financial instruments. The SRI takes into account
- the volatility of a financial instrument (market risk)
- the solvency of the issuer (credit risk)
For investment funds, only the market risk counts. This is because investment funds are considered special assets. The solvency of the managing company plays no role. Guarantee funds are an exception. These funds are guaranteed by an external bank. The solvency of this bank is taken into account in the SRI. The SRI gives a rating on a scale of 1 to 7, with 1 being the lowest risk and 7 the highest risk.
The price or value (net asset value) of a fund unit varies over time. It is linked to the performance of the securities and assets held by the fund. The price is calculated daily.The fund price already includes the management fee. However, the initial charge, which falls due at the time of purchase and the other fees, are not taken into account.
You must generally pay capital gains tax (KESt) on income from investment funds. Income refers in particular to gains from the sale of securities, dividends and interest. As the custodian bank, Erste Bank und Sparkasse pays the capital gains tax directly to the tax office. You do not have to do anything else. Please note: Erste Bank und Sparkasse does not advise you on your personal tax issues. The tax implications of an investment always depend on your personal circumstances. Please contact your tax advisor.
Keep in mind that funds invested in an investment fund regardless of the recommended investment period can be redeemed at any time.
The recommended (or minimal) holding period for the investment funds of Erste Asset Management is based on the "Synthetic Risk and Reward Indicator".
This risk indicator is calculated according to the regulations issued by the European Securities and Markets Authority and forms an integral part of the key investor information documents (also referred to as KIID). You can find the recommended holding period in the overview of the respective fund or in the fund fact sheet that can also be downloaded. The minimum recommended holding period for a fund with an SRRI of 1 or 2 is three years, while it is five years for a fund with an SRRI of 3 or 4, and seven years for a fund with an SRRI of 5, 6, or 7. The minimum recommended holding period of an equity fund is seven years, for example.
Disclaimer
This document is an advertisement. Unless indicated otherwise, data source is Erste Asset Management Ltd. Our languages of communication are Croatian and English. The prospectus (and any amendments to the prospectus) has been published in accordance with the open-end investment funds with a public offering (Official Gazette 44/16, 129/19 i 110/21, 76/22).
Before making a final investment decision, see the prospectus and rules of the fund that are available to all interested parties free of charge, at the management company as well as in all offices of the Depositary. The exact date of the last publication of the prospectus, languages in which the key information for investors are available, as well as information about other places where these documents are available are published on the website www.erste-am.hr.
This document serves as additional information for our investors and is based on the knowledge of the person responsible for preparing it at the time of preparation. 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. Please note that historical return is not a reliable indicator of the future development of the fund. Please pay attention to the fact that investment in securities other than described seems to bring about the risks. Share price and yield may rise as well as fall.