Erste Bond Flexible Romania EUR-EN.pub

Page 1/2
FACT SHEET as of 15/01/2015
ERSTE Bond Flexible Romania EUR
Investment policy
ERSTE Bond Flexible Romania EUR Open-End Investment Fund is a bond fund. The investment policy of the
Fund pursues diversified investments in bonds issued by the Romanian government, supranational entities, EU
and non-EU Member States and the public authorities thereof, as well as in bonds and other fixed-income
instruments issued by low-risk corporate issuers, plus money market instruments and bank deposits with credit
institutions. The Fund may not invest in equities, and may have at least 70% of its assets denominated in euro or
with currency hedging in euro. The focus of strategic allocation in terms of geographic location will be 80%
investments in instruments issued/offered by entities incorporated in Romania.
Performance since inception
Performance in %
11
10.9
Since start of year
0,30%
10.7
1 Month
0,53%
10.6
3 Months
1,47%
6 Months
2,25%
1 Year
6,04%
Since inception
8,91%
10.8
10.5
10.4
10.3
10.2
10.1
10
9.9
Source: Erste Asset Management
Source: Erste Asset Management
Page 2/2
Monthly Market Comment
Fund-Facts
Evolution of EUR-denominated bonds and
money market rates remains anchored by near
-zero rates in Eurozone. Modest growth and
higher risk of deflation have increased the
probability that the European Central Bank
(ECB) will engage in a full-blown quantitative
easing program by buying government bonds.
Date
Erste Bond Flexible Romania EUR maintained
around two thirds of its investment in
government bonds, while keeping a lower
exposure to deposits and other money market
instruments. At the same time, around 16% of
assets were invested in corporate bonds.
15/01/2015
Base Currency
EUR
Unit Price
Net Assets
10,8833
216.466.783 EUR
Inception
Recommended Holding Period
25/04/2013
1-3 years
Subscription fee
0,1%
Redemption fee
0,0%
Source: Erste Asset Management
Benefits for Investors
Portfolio structure
Government Bonds
66.74%
Money market instruments
21.25%
Corporate B onds
16.23%
Bond fond
3.20%
Municipal bonds
0.12%
Cash
-0.07%
Others
-0.07%
Assets under settlement
- 7.41%
-50%
0%
50%
100%
− The Fund is an investment alternative for financial
resources denominated in euro;
− The Fund is suitable for euro denominated
savings on a medium term;
− Diversification: the fixed-income instruments in
the portfolio have different maturities and are
issued by a variety of entities;
− The investment policy of the fund is to obtain
higher yields than the euro interest rates used
on Romanian market;
− Liquidity: because of the large volume of assets
under management, any redemption requests are
promptly fulfilled;
− Professionalism and experience: with our
extended network of local and foreign business
contacts, we have access to quality research and
to many investment opportunities that we take
advantage of for the benefit of the fund investors;
− Specialization: our dedicated fund managers
have strong knowledge and broad expertise in the
fixed income instruments.
Source: Erste Asset Management
Previous performance of the Fund is not a guarantee of future results! Please read the
prospectus and the key investor document (KID) provided in art. 98 of G.E.O. no. 32/2012
before investing in fund! The Prospectus and the key investor document (KID) are available in
Romanian and English language on www.erste-am.ro and may be obtained from the agencies/
units pertaining to the Romanian Commercial Bank and from the premises of SAI Erste Asset
Management S.A. Open end fund ERSTE Bond Flexible Romania EUR, NSC Decision 371 /
25.04.2013, FSA Register CSC06FDIR / 400081. SAI ERSTE Asset Management SA,
authorized by NSC with the Decision no 98/21.01.2009, registered with FSA Public Registry
with number PJR05SAIR/400028, Number General Registry ANSPDCP: 0017716, Phone:
0372.269.999; Fax: 0372.870.995; www.erste-am.ro; email: [email protected]. Depository:
BCR SA

Download Report