Cash Investment fund Erste Euro-Money offers lowest fees

Zagreb, 8 June 2015 – Erste Euro-Money cash investment fund, managed by Erste Asset Management, has lowered its management and depositary fees, to become the euro cash fund offering the lowest fees on the domestic investment fund market. The depositary fee was lowered from 0.14% to 0.08%, while the management fee was halved, from 1% to 0.5%.

Erste Euro-Money CEO Josip Glavas noted the following: "The trends on global financial markets are pointing to continuation of highly expansive monetary policies, which significantly improves market solvency and supports a further decrease of interest rates on the market. I believe that Erste Euro-Money’s lower fees will boost client interest in this modern way of fund management. This will make investments much more profitable, as lower fees will directly increase the fund's yield."

Erste Euro-Money is one of the largest euro cash funds in Croatia, with the fund’s assets standing at HRK 653,248,247.45 as of 31 May 2015.

Erste Asset Management manages seven open-ended investment funds, with two alternative investment funds with a private offering, as well as individual private portfolios. Along with Erste Euro-Money, Erste Asset Management also manages Erste Money, Erste Adriatic Bond, Erste Adriatic Equity, Erste Elite and Erste Exclusive, as well as newcomers on the market – YOU INVEST Solid, YOU INVEST Balanced and YOU INVEST Active. As of 31 May 2015, assets under management of Erste Asset Management in Croatia, including the private portfolio management service, exceeded HRK 3.37 billion.