The assets of the Erste Adriatic Bond investment fund have exceeded one billion kuna, and the yield of this fund from the beginning of this year until September 6 amounted to 4.80 percent, reported on Wednesday from the company managing the fund, Erste Asset Management.
The assets of Erste Adriatic Bond amounted to 1.03 billion kuna on Tuesday, and Erste Asset Management also emphasizes that currently three of their funds have assets exceeding one billion kuna.
Erste Adriatic Bond is intended for more conservative investors, both individuals and legal entities, whose goal is to achieve a return by investing funds for a recommended period of at least two years, with a moderate level of risk. The fund primarily invests in debt securities and money market instruments in Croatia, Slovenia, Bosnia and Herzegovina, Serbia, Montenegro, North Macedonia, Albania, Romania, Hungary, and Bulgaria.
The total assets under the management of Erste Asset Management in Croatia, including private portfolio management services, amounted to more than 4.37 billion kuna as of September 6, of which 3.67 billion is in UCITS funds, 237 million in alternative funds, and 473 million in individual portfolios. Assets under management increased by more than 30 percent during 2016.
