More than 300,000 clients of Asset Management Slovenskej sporiteľne now have access to new products and international innovations thanks to the company’s merger with its Austrian parent Erste Asset Management.

More than 50 years of experience and nearly €76 billion in assets under management in 7 European countries. This is what Erste Asset Management can offer clients of Asset Management Slovenskej sporiteľne after the merger. It plans to continue its successful investment management business in Slovakia.

“Thanks to this merger, our clients can now make full use of innovations from several countries, first-class service and new products that respond flexibly to market developments,” says Pavol Vejmelka, Director of the Slovak branch, when asked about the benefits of the merger. “As regards mutual fund investments, the product range and the issuing and redemption conditions of units and shares will continue to operate as clients are used to,” he adds.

The only differences that clients may notice are changes in the names of Slovak mutual funds managed by Erste Asset Management and their documents, which are published on www.erste-am.sk. The new ownership structure will also help simplify processes and increase the productivity of mutual fund management.

Asset Management Slovenskej sporiteľne managed 18 mutual funds and the volume of assets under its management amounted to more than €2 billion. Since 2013, funds that it manages have won the TOP fond Slovakia award 23 times, with the popular Maximized Income Fund winning the top prize a total of 6 times.

Asset Management Slovenskej sporiteľne was established in 2001 as a subsidiary of Slovenská sporiteľňa and it is the second largest management company on the Slovak market. It offers its clients products and services in the field of fund management and investment portfolio management.

The Austrian company Erste Asset Management became its main shareholder in 2009.