All investment processes are based on the following principles:
The close and continuous collaboration within the teams of specialists and between investment departments creates an important competitive advantage.
Short distances between the teams and the management of the investment department (Chief Investment Officer) allow for a rapid response to external events, such as market shocks.
EAM is faithful to its one chosen investment strategy, but it also works continuously to further its development.
The decisions of fund managers must be traceable. Only then can continuous quality assurance and improvement be ensured.
The different asset classes, like equities, bonds, commodities, etc. require different methods and models of assessment. The main approaches at Erste Asset Management are:
Example of Use
Bottom Up - qualitative
The selection of individual securities is the central focus; the portfolio composition is influenced by stock selection.
Eastern European equities
Economic analysis influences the composition of the portfolio at country or sector level.
The different asset classes are analysed for portfolio creation, on the basis of fundamental constants within the historical nexus.
Global equity funds, where country weighting or sector weighting is in the foreground
These models serve to determine short, medium or long-term trending. The output of these models leads to buy and sell signals.
Are used as an indicator for buy and sell signals