ERSTE BOND DANUBIA CZK R01 (VTA)/  AT0000639398  /

The ESPA BOND DANUBIA fund focuses its investments on government bonds from the new EU member states such as Poland, Hungary and the Czech Republic, but it also invests in the securities of other issuers from that region. We take a broad view on convergence and include Turkey and the former Soviet Republics in the investment universe. In addition to these convergence bonds in local currencies, the fund also invests in hard currency issues (euros, US dollars hedged against the euro). Depending on the market environment, temporary currency hedges are made against the euro. The fund is suitable for investors who wish to achieve regular income and capital appreciation from convergence.