Mixed fund ERSTE GREEN INVEST MIX to turn dark green
- ERSTE GREEN INVEST MIX upgraded to impact fund
- Fund in line with Article 9 of the EU Sustainable Finance Disclosure Regulation
- First Article 9 mixed fund from an Austrian asset management company
Investing in equities and bonds with a sustainable impact with just one fund: this is now possible for investors with ERSTE GREEN INVEST MIX from Erste Asset Management. The fund has been upgraded to an Article 9 product, making it a pure impact mixed fund – one of the first of its kind in the German-speaking world.
Please note: investing in securities involves risks as well as opportunities.
How does this work? The impact, i.e. the positive effect, of the investments in the fund is measured and published on an ongoing basis, as is for example already the case for the ERSTE GREEN INVEST impact equity fund. This impact assessment is carried out by an external and independent partner. Please note: investing in securities involves risks as well as opportunities.
External certifications also highlight the sustainable impact of the fund: having been awarded the Austrian Ecolabel, one two of the most important sustainability certifications in the German-speaking world.
In what instruments does ERSTE GREEN INVEST MIX invest?
As a mixed fund, ERSTE GREEN INVEST MIX invests around 50% each in equities and bonds. Just like its “sister fund”, the ERSTE GREEN INVEST equity fund, in the equity segment the fund invests in companies from the environmental sector. The focus is on energy, water, recycling, and green transformation and adaptation of the economy. Why are the latter two topics particularly relevant? In order to make the economy sustainable, traditionally energy and environmentally intensive sectors in particular need to change. The fund therefore invests in companies that are among the pioneers when it comes to making the environmentally harmful processes of the “old economy” more sustainable.
In the bond segment of the fund, the investment decisions also focus on a measurably positive impact on the environment and society. To this end, investments are made in green bonds issued by governments, government-affiliated, and supranational issuers and companies. The proceeds of these green bonds are used by the respective issuer to finance environmental and climate protection projects. This use is contractually guaranteed by the issuer and is externally audited both in advance and during the maturity of the bond.
Only few impact mixed funds on the market
This makes Erste Asset Management the first Austrian asset management company with an impact mixed fund in its product portfolio and ERSTE GREEN INVEST MIX one of the first funds of its kind with real impact in the German-speaking world. The upgrade therefore gives investors another opportunity to invest in a broadly diversified range of securities in an ecologically and socially sustainable manner. In addition, the Austrian market leader is once again putting emphasis on its pioneering role in sustainable investment, as Walter Hatak, Head of Responsible Investments, also highlights:
“In this mixed fund, we are putting our clients in the position to benefit from our award-winning expertise in both impact bonds and green investments. The process based on individual securities allows us to make targeted investments in the companies that meet our highest standards and make a positive contribution through their business activities. The fund has therefore been upgraded to the status of impact fund (Article 9 of the EU Sustainable Finance Disclosure Regulation). We are thus consistently following the sustainability path that we embarked on in 2001 and are further expanding our broad sustainability range with the first impact mixed fund from an Austrian fund company.”
Please note: investing in securities involves risks as well as opportunities.
Chances of a comeback for environmental shares and bonds
Shares from the renewable energy and environmental technology sectors have been taking a back seat in terms of investors' favour in recent months. However, the correction in environmental shares also offers opportunities, as Clemens Klein, fund manager of ERSTE GREEN INVEST, points out: “To combat climate change, we need the new technologies and solutions that the companies we invest in are developing. We therefore see very positive growth prospects in the sector for many years to come. At the same time, cleantech companies are currently very favourably valued in comparison with the market as a whole. For example, the PEG ratio in the sector, i.e. the ratio of the price/earnings ratio to earnings growth, is currently about two thirds below the level on the broad equity market.”
The positive comeback opportunities for environmental shares are also reflected in the current positioning of ERSTE GREEN INVEST MIX, as fund manager Gerhard Beulig explains: “We currently have just over 50% invested in equities, where we are particularly positive about the green segment due to the current interest rate trend and the valuation of companies in the sector. On the fixed income side, we are exclusively positioned in impact bonds, although we still remain somewhat cautious with regard to duration.”
More details about the fund can you find on the ERSTE GREEN INVEST MIX landingpage.
More information about our sustainable funds can you find in the sustainability section on our website. please visit our website: https://www.erste-am.at/en/private-investors/sustainability.
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Erste Asset Management GmbH (Erste AM) is an international asset management company with a strong position in Central and Eastern Europe. Erste Asset Management is backed by the financial strength of Erste Group Bank AG (Erste Group). At its locations in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary, Erste AM manages assets of EUR 85.87bn (December 2024). Erste Asset Management has been operating successfully in the market since 1965.
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