One year ago, BCR and SAI Erste Asset Management SA launched a new investment concept: YOU INVEST focuses on people’s life style, desires and needs. It is an investment solution that addresses concrete needs and objectives set by investors.
Furthermore, YOU INVEST is a simple, transparent and flexible product. The investment solution focuses on stable yields and low volatility via active management. There are three types of risks (low, average, high).
We are glad that our customers showed interest in YOU INVEST. The amount of managed assets on 15 May 2015 exceeded EUR 75 million, and our customers invest on a daily basis.
“Besides volumes, our concern during this period when the market is developing and we are evolving as a growth engine of the funds industry is a diversification of placements relative to the evolution of investors’ risk appetite. In one year after being launched in BCR network, the funds of YOU INVEST family generated over 1,600 new investors, most of them just starting their activity on the capital market. This is still a smaller number, but amounts are larger and the degree of understanding the risks related to investment products is higher.” Dragos Neacsu, CEO of SAI Erste Asset Management SA
Such a success is largely owing to the sales force consisting of the advisers of the Affluent and Private Banking segments within BCR who promoted YOU INVEST funds among customers. More than 200 advisors were trained during this period. As regards investors’ age, the youngest investor in YOU INVEST funds is 8 years old, and the eldest investor is 92 years old.
The performance (*) achieved by these funds over the last year is:
YOU INVEST Solid RON: +3.67%
YOU INVEST Balanced RON: +4.40%
YOU INVEST Active RON: +5.95%
YOU INVEST Solid EUR: +2.76%
YOU INVEST Balanced EUR: +3.78%
YOU INVEST Active EUR: +4.76%
Source: SAI Erste Asset Management
Data on 15 May 2015
“The yield-related expectations we had at the beginning were exceeded during the first year of existence. Bond yields have shown a satisfactory evolution, with an increased volatility wave over the past weeks. The developed share markets’ mostly positive evolutions over the past year have been lately marked by a volatility peak, despite some positive macro-fundamentals and the fact that developed economies got out of the recession. We expect this high volatility level to continue, and we are going to gradually see, over the next months, how the globally positive fundamental data and those of the Romanian economy are better reflected in the evolution of the main stock market indices.” Dragos Neacsu, CEO of SAI Erste Asset Management SA
The interest in funds whose portfolio includes shares (ERSTE Balanced RON, ERSTE Equity ROMANIA and YOU INVEST range) is growing, as testified by the sales made in these funds since the beginning of the year, which reached 47% of the total net sales made until 29 May 2015. As regards the currency of the fund in which our investors invest, over 70% of the net sales since the beginning of the year were made in funds denominated in EUR.
The sales in YOU INVEST are balanced both in terms of their distribution by the 3 risk profiles (Solid and Balanced, with approx. 35-40%, and Active, with approx. 20-25%), and in terms of funds’ denomination currency, i.e. RON and EUR. The YOU INVEST range was launched simultaneously in all the countries where Erste Asset Management group operates, i.e. Austria, Czech Republic, Hungary, Romania, Slovakia and Croatia. The total sales in YOU INVEST funds at group level was EUR 1.25 billion.
On 15 April, SAI Erste Asset Management SA reached the threshold of RON 9 billion assets managed via individual funds and portfolios and holds over 40% of the open investment funds market share, according to the latest data published by AAF (The Romanian Association of Investment Fund Managers) (www.aaf.ro). With over 137,000 investors in funds, the company manages a large range of open investment funds denominated in RON and EUR, consisting of ERSTE Money Market RON, ERSTE Bond Flexible RON, ERSTE Bond Flexible ROMANIA EUR, ERSTE Balanced RON, ERSTE Equity ROMANIA and YOU INVEST range.
Contact: SAI Erste Asset Management SA
14 Uruguay Street, Sector 1, Bucharest
Oana Popescu, Marketing Officer: email@example.com, 0372.269.922
The fund’s past performances are no guarantee for future achievements. Before investing in this fund, please read the prospectus and the key investor information document (KID) laid down in article 98 of Government Emergency Ordinance No. 32/2012! Prospectuses and key investor information documents (KID) are available in Romanian and English on www.erste-am.ro website and can be obtained free of charge from the local units of Banca Comercială Română SA and the head office of SAI Erste Asset Management SA.
FDI YOU INVEST Solid RON, authorization granted by the Financial Surveillance Authority No. A/21/2014, registered with the Financial Surveillance Authority Register under No. CSC06FDIR/400087; FDI YOU INVEST Balanced RON, authorization granted by the Financial Surveillance Authority No. A/23/2014, registered with the Financial Surveillance Authority Register under No. CSC06FDIR/400089; FDI YOU INVEST Active RON, Decision of the National Securities Commission No. 1870/2007, registered with the Financial Surveillance Authority Register under No. CSC06FDIR/400042; FDI YOU INVEST Solid EUR, Authorization granted by the Financial Surveillance Authority No. A/22/2014, registered with the Financial Surveillance Authority Register under No. CSC06FDIR/400088; FDI YOU INVEST Balanced EUR, Decision of the National Securities Commission No. 370/ 2013, registered with the Financial Surveillance Authority Register under No. CSC06FDIR/400082; FDI YOU INVEST Active EUR, Decision of the National Securities Commission No. 369/2013, registered with the Financial Surveillance Authority Register under No. CSC06FDIR/ 400083
SAI Erste Asset Management SA, Decision of the National Securities Commission No. 98/2009, registered with the Financial Surveillance Authority Register under No. PJR05SAIR400028, 14 Uruguay street, sector 1, Bucharest, telephone 0372.269.999; email: firstname.lastname@example.org; www.erste-am.ro Depositor: BCR SA