Fixed income funds

For every risk type

What is a fixed income fund?

Fixed income funds are funds that invest largely or exclusively in interest-bearing bonds. Bonds usually offer regular interest payments and the redemption of the invested amount at the end of maturity. The investment aims at a regular income.



The ESPA SELECT BOND DYNAMIC fund is an actively managed bond fund of funds. It invests flexibly in a wide variety of bond segments: national and international government bonds, corporate bonds, emerging market bonds in hard and local currency, convergence bonds from the "New Europe," but also international mortgage bonds. The weightings of the individual bond segments are determined as part of a tactical asset allocation process in order to be able to react to changes in the bond environment. The share of risky securities (i.e. credit ratings worse than investment grade) with higher yields or currency risks may account for up to 60% of the fund.

Please see the risk notes at the end of this page.

Do you have your own investment ideas you want to realise?

Maybe you are interested in our current investment tip.


Rendite Radar

A current view on the interest rate markets can be found in our yield radar.

Bond funds

Important information:

Please find further information and documents on the respective funds by clicking the fund name in the above overview.


Do you have questions or would like to get more information?

Your advisor at Erste Bank or Sparkasse is happy to help you.

Did we tickle your interest?
Please read more about our funds in the Erste AM Blog

Read commentaries and analyses on topics such as Equities, Sustainable Investment, Eastern Europe/Emerging Markets in Erste Asset Management’s investment blog.

This might interest you as well


This document is an advertisement. All data is sourced from ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. and Erste Asset Management GmbH unless indicated otherwise. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. and 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 § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the  web site 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 key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site

This document serves as additional information for our investors and is based on the knowledge of the staff 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 consult the corresponding information in the fund prospectus and the Information for Investors pursuant to § 21 AIFMG for restrictions on the sale of fund shares to American citizens. Misprints and errors excepted.