ERSTE STOCK REAL ESTATE EUR D01 T/  AT0000A1YFJ8  /

The PRIVATE BANKING MANAGEMENT PROGRAM REAL ESTATE fund is an absolute return fund that invests globally in real estate equities and real estate equity funds. The fund focuses on four regions: Western Europe, Central and Eastern Europe (including Austria), Asia and North America. When making investments, the fund assesses the attractiveness of each region separately. The level of investment in each region varies between 0% and 25%. The fund's assets are managed based on both fundamental valuation metrics and technical analysis models. This approach ensures the fund reduces its level of investment down to 0% during declining market phases, while being fully invested when fundamental analysis and technical market indicators allow it.