Erste-invest increased Fund Assets by 20 times in three years

On the 28th of June, the media representatives were invited to Zagreb’s Hotel Esplanade to celebrate the 3rd anniversary of the investment funds, Erste Money and Erste Bond.
The journalists were briefed on the development of assets under management and reached yields of Erste’s open-end funds,
Included in the discussions were also future plans and the unit linked products connected to the Erste funds.
The president of the Management Board of Erste-invest, Mr. Josip Glavaš, said that the total assets under management increased 20 times within the last three years.
It was also outlined that 45% of investments in open-end funds are retail clients, indicating a positive trend in the development of the Fund industry within Croatia.
The total value of assets under Erste-invest management makes it the second largest FMC (Fund Management Company) in Croatia.

On the 30th of June of this year, total assets under management were 3.28 billion Kuna. Comprising 2.16 billion Kuna in assets from the War Veteran Fund and 1.12 billion Kuna from the four open-end investment funds Erste Money, Erste Bond, Erste Balanced i Erste Adriatic Equity.

Life Invest: New product of Erste-invest and KWSO

At the beginning of June, Kvarner Wiener Städtische insurance, in co-operation with Erste-invest, placed a new product on the market, Life Invest.
This is new type of life insurance that is connected with open-end funds. The specialty of this program is that policy holders can individually decide about their capital investment.
The flexibility of investment, tax reduction options, and saving component makes this product very attractive to our clients.
The policy holder, though entering a risk investment, has the possibility to choose between conservative, balanced or dynamic investment portfolios.
It is expected that this product will have high appeal with present and future clients of Erste-invest, as well as, from KWSO.