Christian schoen


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Christian schoen

  1. 1. Are Thematic Investments Sustainable? Workshop 16 TBLI Conference 2010, London
  2. 2. Agenda Moderator: Christian SCHÖN (Erste Asset Management) Introduction: EAM & Thematic Investments Speaker 1: Andrea FERCH (LGT Capital Management) Thematic Investments and/or ESG Criteria? A Fund Selector‘s View Speaker 2: Till JUNG (oekom research) Case Studies of Thematic Fund Holdings & their Responsibility Rating Speaker 3: Wolfgang PINNER (VINIS) Can Sustainability Add Value To Thematic Investing? moderated panel discussion and audience Q&A-session Workshop 16, TBLI London November 2010 - Page 2
  3. 3. ERSTE-SPARINVEST KAG is mainly held by ERSTE GROUP BANK AG A strong and stable parent: Erste Group Bank AG Erste Group Bank is one of the leading financial institutions in Austria, Central- and Eastern Europe (EUR 209.08 bn.) *) - Market leader in AUT, CZ, RO, SK and CRO - Erste Group’s client base has grown from 0.6 m. to 17.3 m. within the last eight years - Return on equity 7.2% - Tier 1 ratio is 11.2% - Loan-to-Deposit-Ratio at 112.4% *) Facts as of July 2010 Source: Fact Sheet Erste Group Bank AG, August 2010 Workshop 16, TBLI London November 2010 - Page 3
  4. 4. Organizational chart of Erste Asset Management Workshop 16, TBLI London November 2010 - Page 4
  5. 5. International provider with strong and local anchoring Erste Asset Management: countries with independent Asset Managers market share 25,62 % - Nr. 2 market share 21,45 % - Nr. 2 market share 11,62 % - Nr. 3 market share 45,16 % - Nr. 1 market share 22,20 % - Nr. 1* market share 20,89 % - Nr. 2 market share as of 31.08.2010 *) including ESPA, Tirolinvest, EFA and Ringturm Workshop 16, TBLI London November 2010 - Page 5
  6. 6. Sustainability within Erste Asset Management Signing of UN PRI (UN Principles of Responsible Investment) Commitment of ERSTE-SPARINVEST to sustainably adjust fund products „ESPA VINIS“ and „ESPA WWF“. International cooperation to strengthen SRI and ESG. Cooperation with WWF ERSTE-SPARINVEST donates a part of generated revenues of „ESPA WWF- Fonds“ for WWF Austria‘s water protection program and climate protection program. Workshop 16, TBLI London November 2010 - Page 6
  7. 7. Thematic investments – a definition Thematic investments focus on particular themes and/or trends: Sector biotechnology, renewable energy, water, raw materials, internet Region Asia, Emerging Markets, BRIC Country China, Russia, India lifestyle, environment/ ecology, demographics, Issue health, obesity, climate change, mobility Workshop 16, TBLI London November 2010 - Page 7
  8. 8. Thematic investments – sustainability trends company corporate governance publication and consideration of extra-financial data, strengthening of stakeholders brand name and reputation strengthening of customers over companies is primarily related to ecological uncertainty strengthening of environmental awareness and the importance of environmental technologies rising energy consumption in search of alternative concepts emphasis on human capital more consideration of employees’ interests trend towards ‘healthy living’ focus on production of foods and organic products demographic development long-term concepts for an aging society individual Workshop 16, TBLI London November 2010 - Page 8
  9. 9. Narrowing themes down to ESG all themes Selection sustainable themes ESG Filter sustainable themes with ESG Workshop 16, TBLI London November 2010 - Page 9
  10. 10. Contact Erste Asset Management GmbH Institutional Distribution – International Tel.: +43 50 100 19960 e-mail: Workshop 16, TBLI London November 2010 - Page 10
  11. 11. Disclaimer "This is an advertisement. Our languages of communication are German and English. The latest version of the Prospectus (and any changes thereto) has been published in the “Amtsblatt der Wiener Zeitung”, in accordance with the provisions of the Austrian Investmentfondsgesetz [Investment Funds Act]. Copies are available free of charge to interested parties at the registered offices of both Erste Asset Management GmbH and Erste Group Bank AG. The most recent publication date and details of any other collection offices are published on the Erste Asset Management GmbH website ( This document serves to provide additional information to our investors and reflects the knowledge of its authors at the time of going to press. Our analyses and conclusions are of a general nature and do not take into account the personal needs of our investors in terms of income, fiscal situation or attitude to risk. This is not a personal recommendation. It should be noted that past performance is not a reliable indicator of the future performance of a fund." Workshop 16, TBLI London November 2010 - Page 11