Ukrainian equities were not in the portfolio.
Outlook
As the Russian stock exchange remains closed until further notice, there is no information regarding an opening date and the tradability of the Russian securities is very limited, the unit certificate business of ERSTE STOCK EUROPE EMERGING remains suspended as pricing is currently not possible. The situation is monitored on a daily basis, but due to the current political situation it is not possible to predict when pricing and unit certificate business can be resumed. We will provide information on any changes in a timely manner.
The future development of the entire portfolio will continue to be largely determined by the current geopolitical situation. A further escalation could once again lead to price losses. A de-escalation could contribute to a further recovery of Eastern European equities.
Cost reduction
Against the backdrop of the escalating conflict between Russia and Ukraine, trading conditions on local markets are currently not as they would normally function.
Following the suspension of the issuance, the redemption of shares and the publication of a NAV, Erste Asset Management GmbH has decided to change the management fee as follows.
The reduction of the management fee is valid until further notice and retroactively as of March 1st, 2022.
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 website 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 Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the website 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.