Investment fund acquires a stake in Austrian sustainability stock fund

Erste AM Wachstum invests in new Austrian stock fund

Erste Asset Management (Erste AM) has acquired a stake in the Austrian sustainability stock fund, fairvest. The fund is managed by fairvest GmbH, a Vienna-based investment company founded in 2021 by experienced fund managers, Klemens Eiter and Peter Vcelouch.

Erste AM Wachstum invests in new Austrian stock fund

The fairvest fund invests in sustainable companies listed on the Vienna Stock Exchange. The fund's investment universe includes companies with a market capitalization of at least €100 million and a minimum free float of 25%. The fund's portfolio is constructed using a combination of quantitative and qualitative factors, with a focus on companies with strong ESG (environmental, social, and governance) performance.

The acquisition of a stake in the fairvest fund is part of Erste AM's strategy to expand its range of sustainable investment products. Erste AM is one of the leading asset managers in Central and Eastern Europe, with over €250 billion in assets under management. The company offers a wide range of investment products, including mutual funds, ETFs, and pension funds.

The fairvest fund is a welcome addition to Erste AM's product range. The fund provides investors with access to the Austrian stock market, with a focus on sustainability. The fund's experienced management team and robust investment process make it an attractive option for investors seeking exposure to sustainable companies.