Erste Asset Management launches two new ETFs
- ERSTE ETF GLOBAL EQUITIES UCITS ETF and ERSTE ETF US EQUITIES UCITS ETF launched
- New exchange-traded index funds provide easy access to global and US equity markets with sustainability filters
- ETFs launched in partnership with Carne Global Fund Managers (Ireland) Limited
Erste Asset Management is expanding its product range with two new exchange-traded funds (ETFs): ERSTE ETF GLOBAL EQUITIES UCITS ETF (ISIN IE000GVBJMO6) and ERSTE ETF US EQUITIES UCITS ETF (IE000UKN7GP4). This gives investors access to broadly diversified equity investments in an exchange-traded fund format.
With these new ETFs, Erste Asset Management combines traditional index investing with its long-standing expertise in sustainability. Both funds follow a passive investment strategy and each tracks a Solactive index developed in-house. The index construction incorporates core sustainability criteria in line with Erste Asset Management’s ESG approach.
“With the new Erste ETFs, we are creating simple and transparent access to the global and US equity markets. They are suitable as long-term building blocks in a portfolio and combine the advantages of exchange-traded index funds with Erste Asset Management’s sustainability approach. In Carne Group, we have the ideal partner at our side for the launch of these two products”, says Heinz Bednar, Chief Executive Officer (CEO) of the Management Board of Erste Asset Management.
Access to global US equity markets
The ERSTE ETF GLOBAL EQUITIES UCITS ETF offers exposure to the 250 largest, liquid companies from developed markets, including shares from the US, Europe, Japan and other regions. To define the investment universe, the SolactiveDM Large Cap 250 Base EUR Index NTR* (the index is calculated by Solactive AG) was developed in collaboration with the index provider Solactive. The fund tracks this index as closely as possible. It is designed as a global equity core component and is aimed at investors who wish to invest broadly across international equity markets while attaching importance to an index-based structure and sustainability filters.
The ERSTE ETF US EQUITIES UCITS ETF invests in about 250 large companies headquartered or operating in the United States. It thus offers focused exposure to the US equity market, currently including sectors such as information technology, finance, healthcare, communication services, and the industrial sector. The fund tracks the Solactive USA Large Cap 250 Base USD Index NTR* as closely as possible.
Both ETFs will be tradable on Deutsche Börse’s XETRA trading platform from 16 July. From 22 July, the products will also be available for advisory and purchase at branches of Erste Bank and Austrian saving banks. The fund type in terms of profit allocation is accumulating with a total expense ratio of 0.25% per year. Both ETFs are classified under Article 8 of the EU Disclosure Regulation and therefore invest only in companies that meet Erste AM’s basic sustainability criteria.
Alliance with Carne Global Fund Managers
The funds’ management company is Carne Global Fund Managers (Ireland) Limited, Europe’s largest independent third-party management company (ManCo) and a leading provider of fund regulation and governance solutions. Founded in 2004, the company provides regulatory, risk management and independent board member services to over 700 asset managers and oversees assets of more than USD 1 trillion. Erste Asset Management GmbH acts as investment manager, contributing its investment and ESG expertise.
“We're delighted to support Erste Asset Management on the launch of these new ETFs. As more asset managers expand their ETF capabilities, there is increasing demand for operating models that combine regulatory expertise, governance and operational infrastructure within a single solution. We're proud to work with Erste through our ETF Platform and look forward to continuing our partnership as its ETF offering evolves”, says Daniel Osborne, Managing Director and Head of ETF Solutions at Carne Group.
Key data for the two funds
* The ETF is neither sponsored, promoted, sold, nor otherwise supported by Solactive AG; nor does Solactive AG offer any express guarantee or assurance regarding the results of using the benchmark index and/or the index brand or the index price at any time or in any other respect.
** The total costs shown comprise administrative fees and other administrative or operating costs. The calculation is based on the relevant cost breakdown set out in the Key Information Document (KID). The figure given is based on the KID valid at the time of preparation. Ongoing transaction costs as set out in the KID, as well as any performance-related remuneration, are not included in this figure. Please refer to the KID for detailed information on the cost components.
Goals and investment policy
The discretionary selection of assets eligible for the investment funds is limited. The funds pursue a passive investment policy and the management company’s scope for discretion is restricted. The investment funds are users within the meaning of Regulation (EU) 2016/1011 (the Benchmark Regulation).
For further information on the sustainable structuring of ERSTE ETF GLOBAL EQUITIES UCITS ETF and information in line with the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector and the Taxonomy Regulation (Regulation (EU) 2020/852), please refer to point 12 and the Appendix, “Sustainability Principles”, of the supplement of the current prospectus. When deciding to invest in ERSTE ETF GLOBAL EQUITIES UCITS ETF, all characteristics or objectives of ERSTE ETF GLOBAL EQUITIES UCITS ETF as described in the fund documents should be taken into account.
For further information on the sustainable structuring of ERSTE ETF US EQUITIES UCITS ETF and information in line with the Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector and the Taxonomy Regulation (Regulation (EU) 2020/852), please refer to point 12 and the Appendix, “Sustainability Principles”, of the supplement of the current prospectus. When deciding to invest in ERSTE ETF US EQUITIES UCITS ETF, all characteristics or objectives of ERSTE ETF US EQUITIES UCITS ETF as described in the fund documents should be taken into account.
For enquiries, please contact:
Communications & Digital Marketing
Paul Severin
Tel. +43 (0)50 100 19982
E-Mail: paul.severin@erste-am.com
Dieter Kerschbaum
Tel. +43 (0)50 100 19858
E-Mail: dieter.kerschbaum@erste-am.com
Philipp Marchhart
Tel. +43 (0)50 100 19854
E-Mail: philipp.marchhart@erste-am.com
Erste Asset Management GmbH
Am Belvedere 1, A-1100 Wien
www.erste-am.com
Sitz Wien, FN 102018b,
Handelsgericht Wien, DVR 0468703
About Carne Group
Carne Group takes care of the people who take care of money. Founded in 2004, today Carne is Europe’s largest third-party management company. We support asset managers through every element of the fund lifecycle, including risk, compliance, due diligence, oversight, distribution and governance. We partner with around 700 clients, from boutique firms to the majority of the world’s 20 largest fund managers, supporting funds distributed in over 160 countries and overseeing more than US$1 trillion in assets under management. Carne employs more than 650 employees across eight locations globally.
About Erste Asset Management
Erste Asset Management GmbH (Erste AM) is an international asset manager with more than 60 years’ experience in the market. 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 110.7bn (as of May 2026).
Important legal notes:
The discretionary selection of assets permitted for the investment fund is limited. The fund employs a passive investment policy and the scope of discretion of the management company is limited. The investment fund is a user within the meaning of Regulation (EU) 2016/1011 (Reference Assets Regulation).
Further details on the sustainable focus of ERSTE ETF US EQUITIES UCITS ETF as well as disclosures in accordance with the Disclosure Regulation (Regulation (EU) 2019/2088) and the Taxonomy Regulation (Regulation (EU) 2020/852), please refer to the current prospectus; see “Sustainability Principles” appendix in the supplement. In deciding to invest in ERSTE ETF US EQUITIES UCITS ETF, consideration should be given to any characteristics or objectives of the ERSTE ETF US EQUITIES UCITS ETF as described in the Fund Documents.
UCITS ETF’s units / shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units / shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units / shares and may receive less than the current net asset value when selling them.
The indicative net asset value is published via Deutsche Börse Xetra.
This document is an advertisement. Please read the prospectus (available in English only) and the Key Information Document (KID) before making a final investment decision. Unless otherwise stated, all information is provided by Carne Global Fund Managers (Ireland) Limited (the management company) and/or Erste Asset Management GmbH. The language of communication of the Management Company is English, and for Erste Asset Management GmbH it is also German.
The prospectus has been prepared for the ETF-Platform ICAV, an open-ended Irish umbrella-type investment fund with limited liability and segregated liability between sub-funds. It is registered with the Central Bank of Ireland and has been authorised in accordance with the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulation 2011, as amended by the Central Bank of Ireland (Supervision and Enforcement) Act 2013 and the Undertakings for Collective Investment in Transferable Securities Regulation 2019.
The current version of the prospectus and the KID are available on the and are available free of charge to interested investors at the registered offices of Carne Global Fund Managers (Ireland) Limited and Erste Asset Management GmbH. The exact date of the most recent publication of the prospectus and the languages in which the BIB is available can be found on the .
A is available in English on the management company’s website.
The management company may decide to withdraw the arrangements it has put in place for the distribution of shares abroad, subject to regulatory requirements. Comprehensive information on the risks that may be associated with the investment can be found in the prospectus.
Please note: you are about to purchase a product that may be difficult to understand. We recommend that you read the indicated fund documents before making an investment decision.
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Please note: past performance is no reliable indicator of the future performance of a fund. Investments in securities entail risks in addition to the opportunities presented here. The value of units and their earnings can rise and fall. Changes in exchange rates can also have a positive or negative effect on the value of an investment. For this reason, you may receive less than your originally invested amount when you redeem your units. Persons who are interested in purchasing units in investment funds are advised to read the current fund prospectus(es) and the Information for Investors pursuant to § 21 AIFMG, especially the risk notices they contain, before making an investment decision. If the fund currency is different than the investor’s home currency, changes in the relevant exchange rate can positively or negatively influence the value of the investment and the amount of the costs associated with the fund in the home currency.
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Erste Asset Management GmbH is affiliated with the Erste Bank and Austrian Sparkassen banks. Please also read the “Information about us and our securities services” published by your bank.