Persistently high inflation and the restrictive course of the central banks continued to dominate the first half of the year. In this series, Funds exclusive, our fund managers look back on the performance of selected funds and explain their view with regard to the second half of the year.

Fund & Performance

ERSTE GLOBAL INCOME mainly invests in the three asset classes of dividend stocks, high-yield corporate bonds and emerging market bonds. These asset classes are usually characterized by comparatively high current income ("income") in the form of dividends or coupons. The maximum equity exposure is 50% of the fund volume. Depending on the market assessment, other asset classes can be added tactically.

Commentary by fund manager Philip Schifferegger