Austria-headquartered Erste Asset Management has entered the ETF market with the launch of two equity ETFs through European third-party management company Carne Group’s ETF Platform.
The new products, the Erste ETF Global Equities Ucits ETF and the Eeste ETF US Equities Ucits ETF, track the Solactive indices developed by Erste Asset Management. Both follow a passive investment strategy and integrate sustainability into their index construction.
The global equity ETF invests in the 250 largest listed companies across developed markets, including the US, Europe, Japan and other regions. It tracks the Solactive DM Large Cap 250 Base EUR Index NTR.
The US-focused ETF also tracks around 250 large-cap companies, concentrating on businesses headquartered or operating in the US. Its portfolio spans sectors including technology, financials, healthcare, communication services and industrials, and follows the Solactive USA Large Cap 250 Base USD Index NTR.
JP Morgan AM, Universal and Carne top ManCo rankings
Both ETFs are classified as Article 8 products under the EU Sustainable Finance Disclosure Regulation. They carry an annual total expense ratio of 0.25% and are structured as accumulating funds.
The ETFs will begin trading on Deutsche Börse’s Xetra platform on 16 July, with availability through Erste Bank and Austrian savings banks from 22 July.
Carne Global Fund Managers (Ireland) will act as the funds’ management company, providing regulatory and governance support, while Erste Asset Management will serve as investment manager, overseeing portfolio management and ESG integration.
