Zagreb, 11 January 2017 – Two new Erste Asset Management's bond funds – Erste LOCAL SHORT TERM BOND and Erste ADRIATIC SHORT TERM BOND – began their operation. The funds are intended for all individuals and companies willing to invest in short-term debt securities and other financial instruments. Erste short term bond funds differ with respect to their accounting currency. Namely, the Erste LOCAL SHORT TERM BOND is in kuna, while the ADRIATIC SHORT TERM BOND is denominated in euro.

With respect to their characteristics, Erste Short Term Bond Funds are located between cash and bond funds. Their advantages are reflected primarily in potentially higher yield than money market funds, a short-term investment horizon and a lower level of risk compared to the Erste Adriatic Bond fund.

„I am glad that the offer of funds is enriched at the moment when Erste Asset Management has increased the value of its assets to more than HRK 5 billion. Currently, the interest rates are low so we expect the investors to recognise the new funds as a high-quality solution for managing the surplus of their assets. I believe this year would be positive when it comes to fund industry, primarily because of the improvement of the investment climate. In my opinion, this year Croatia will be a good choice for investments of individuals, as well as the institutional clients”, Josip Glavas, President of the Management Board of Erste Asset Management points out.

As of January 10, 2017, Erste Asset Management managed a total of 5.03 billion kuna in assets relating to the management of private portfolios, nine open-end funds (Erste Money, Erste Euro-Money, Erste Local Short Term Bond, Erste Adriatic Short Term Bond, Erste Adriatic Bond, Erste Adriatic Equity, You Invest Solid, You Invest Balanced, You Invest Active) and two alternative investment funds (Erste Exclusive and Erste PB1).