ERSTE STOCK GOLD
Shine for the depot
ERSTE STOCK GOLD is a global equity fund. It invests primarily in shares of companies operating in the gold sector. Gold mining shares are heavily dependent on the price of gold. When the price of gold rises, producers earn more. Their profits then increase disproportionately. However, if the price of gold falls, this can also have disadvantages.
The price of gold often rises when the geopolitical situation is uncertain. Since 2022, international central banks have been buying more gold. They want to reduce risks and diversify their reserves. These purchases may further support the price of gold. However, the geopolitical situation can change at any time. Please note: Investing in securities offers opportunities, but also involves risks.
Global equity fund with focus on gold industry
Opportunity for value appreciation
Your money is invested in promising industries.
Title selection
Titles are actively selected based on fundamental criteria.
Broad diversification
You invest in a wide range of companies in the gold sector.
Price fluctuations
The price of the fund may fluctuate significantly due to various influencing factors.
Exchange rate changes
Due to investments in foreign currencies, the fund value may be affected by exchange rate changes.
Possible capital loss
Capital loss is a possible consequence of investing in the stock market.
Buy fund online
When you click on “Buy fund,” you will be redirected to George, Austria's most modern banking platform. Investing in funds involves both opportunities and risks.
Open a Fund Savings Plan online
By clicking on “Open Fund Savings Plan,” you can open a savings plan with up to four additional funds via George. Please note the opportunities and risks associated with the fund.
Key areas of the fund
The fund invests in various areas of the gold sector. The strategy adapts to the respective market phase. Please note that there are risks as well as opportunities.
The focus is on medium-sized gold producers. The portfolio also includes developers and explorers. Learn more about the various areas.
Producers actively promote and sell gold. Their profit comes from the difference between production costs and the current gold price. When the gold price rises, their profits can increase disproportionately. However, this leverage can also have disadvantages.
Developers develop mines and want to become producers. They work to bring mining projects into the production phase. Developers with proven reserves and sources of financing can be attractive takeover candidates. This can reduce risks and increase value.
Explorers search for gold deposits or already possess resources that have not yet been developed. Their goal is to find economically viable deposits. Small explorers with proven deposits and sources of financing may also be takeover candidates.
Royalty/Streamers do not engage in gold production themselves. They finance mines and receive shares of production or royalties in return. This model offers exposure to the gold sector with less operational risk.
Development of the fund
FAQs
Gold is held for its role as a reserve asset rather than for income. Unlike bonds or bank deposits, its value does not depend on the ability of a borrower to repay debt. Central banks often use gold to diversify reserves and reduce exposure to currency risks, geopolitical uncertainty, and financial system stress. This unique function helps explain why gold remains important despite generating no regular income.
Mid-sized producers typically sit between the higher uncertainty of exploration companies and the maturity of large mining groups. They usually generate revenue from existing operations while still having meaningful growth potential. This combination can provide opportunities for expansion without the extreme dependence on future discoveries that is often seen in earlier-stage mining businesses.
Production costs determine how much profit remains after gold is extracted and sold. Rising expenses for energy, labor, equipment, or environmental compliance can reduce profitability even if gold prices remain stable. For this reason, investors closely monitor a company's cost structure. Efficient operations often play a major role in determining whether a mining business can remain competitive over time.
A rising gold price does not automatically lead to higher returns from gold mining companies. If operating expenses, energy costs, or financing costs increase faster than revenue, profitability may decline. Mining companies can also be affected by political decisions, labor disputes, or disappointing business results. For this reason, gold mining funds and gold prices do not always move in the same direction.
Risk notes of the fund
Disclaimer
This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.
The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to Art 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 Art 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the web site www.erste-am.com within the section mandatory publications 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 fund prospectus or the Information for Investors pursuant to Art 21 AIFMG and the Key Information Document are available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.
The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.
Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to Art 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.
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.
More information
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