APA ots news: VOLKSBANK WIEN AG enables entry into asset management – BILD
Austrians lose around 6.2 billion euros
Austrians a year on their savings accounts. The VOLKSBANK VIENNA
AG now offers the possibility of entry into the
wealth management.
Vienna (APA-ots) – Together with the Volksbank Vorarlberg, the VOLKSBANK
WIEN AG on the market outlook, to see the developments on the
shed light on international financial markets. The conclusion of the experts was
that the losses on investments in savings accounts due to the
From today’s perspective, interest rate levels will not change in the future either.
VOLKSBANK WIEN AG therefore makes things easier for savers
the entry into asset management, which opportunities
offers sustainable returns. “In the spirit of the cooperative
In principle, we use the expertise within the Association of Volksbanks
and offer the in-house asset management of the Volksbank
Vorarlberg now also offers customers in Vienna,” says Michael
Santer, responsible for Private Banking & Treasury at
VOLKSBANK VIENNA AG. With the low kept minimum investment of
The Volksbank wants as many customers as possible to receive EUR 100,000
Enabling clients to get started with asset management.
Subtitle: Interest rates remain low in the long term
The interest rate hikes by the ECB have led to rising money market interest rates
guided. This makes it relevant for many variable loans
3-month EURIBOR after several years in negative territory in short
time increased by more than 2 percent. For borrowers
This is a huge burden for variable rate borrowers
rising interest rates sound good for domestic investors
tempting, but appearances are deceptive: Europe has a flat yield curve
up, tending to be inverse in long maturities. To the
Futures markets, interest rates in Europe are down 2.5 percent[i]
forecast. The resulting interest rate expectations offer
little incentive for longer-term fixed-income investments, since
longer maturities do not offer any additional yield. For investments on
savings accounts, the problem of negative real interest rates remains.
The OeNB estimates an inflation rate of 8.5 for 2022
Percent. The National Bank expects an inflation rate for 2023
of 6.4 percent and for 2024 with 3.7 percent.[ii] “Through the
Difference between interest on the savings account and the current high
Inflation increases the loss of purchasing power significantly despite higher interest rates
on. Investors can counteract this by
actively managed portfolios to increase their earnings potential
increase,” says Santer.
Subtitle: Inflation is not the same as inflation
Not all areas are affected by inflation to the same extent
affected and inflation has various causes. the
Considering the causes is for predicting the further ones
inflation and for the future central bank policy of
crucial importance. “While in Europe more than two-thirds
the rate of inflation directly related to the increase in food and
related to energy prices, this proportion is significant in the US
less,” estimates Clemens Lengauer, Head of Division
Wealth management, Volksbank Vorarlberg, the location.
Accordingly, the direct effects of the war in the
European inflation numbers noticeably more noticeable than in the
United States.
Active management is required in the current difficult environment.
For example, the profit estimates of the analysts
Analysts ultimately revised significantly downwards.
Wealth managers have to understand the markets
constantly watching to keep up with the changes in the international
markets to react in time. “The general rule is still the same
to think in long-term time horizons. The longer you invest
remains, the higher the chances are the risk of loss too
minimize,” says Lengauer. Of course, every investment in shares
also associated with risks.
The asset managers of the Volksbank
Vorarlberg react to market developments by being up-to-date
Overweight corporate bonds with good credit ratings in the portfolio
are tactical while investing in the stock markets
have been reduced.
It is important for the experts at VOLKSBANK WIEN AG
all investment decisions based on their individual needs
to engage with customers. “Our consulting service is based on
three factors: knowledge, strategy and discipline. Together
together with our customers, our consultants develop
Consultant long-term, individual and above all sustainable
Investment strategies,” says Santer. Many investors
want to invest sustainably. Volksbank asset management
Vorarlberg has one with the “Mindful Investment Approach”.
Investment process developed that focuses on sustainable
wealth management.
Subtitle: Mindful investment approach in detail
VOLKSBANK WIEN AG offers three classic ones
Wealth management strategies (income, balanced and growth) as well
two stock mandates on a single stock basis. These investment solutions are
already available from an amount of 100,000 euros. Furthermore
the customers with an individual mandate have the
Possibility to set the invested assets according to their own
To have framework conditions and wishes managed.
When making investment decisions,
Wealth managers alongside financial ones
Factors also ecological and social. The “mindful one
Investment Approach” is a four-step process by which the
Portfolio managers sustainable
put together investment solutions. Using exclusion criteria
for example, forego investments in the field of
controversial weapons. Equally important are at the
Investment decision the ESG criteria. Under the title “Impact
Investing” invests in companies that contribute to achieving the 17th
contribute to the sustainable development goals of the United Nations.
In addition, the experts at the Volksbank conduct a dialogue
with the companies in which investments are made in order to
uncovering sustainability deficits.
VOLKSBANK VIENNA AG
VOLKSBANK WIEN AG has 1,248 employees
(Full-time equivalents Group) and 56 sales offices in the regions
Vienna, Burgenland, Weinviertel, Waldviertel and Industrieviertel as well
of the Austria-wide brand SPARDA-BANK the largest of the
Austrian Volksbanks. In addition to its own retail business
has been fulfilled by VOLKSBANK WIEN AG as the central organization since July 2015
also higher-level tasks for the Association of Volksbanks (as of
06/30/2022). Further information at www.volksbankwien.at or
www.volksbank.at/nachhaltigkeit. The information presented here
serve, despite careful research, exclusively
non-binding information. Misprints and errors are reserved.
This is a marketing communication and not an offer or advice
and no risk disclosure. More information about the Volksbank and to
You can find the sustainability reports at www.volksbank.at or
at www.volksbank.at/nachhaltigkeit
* * *
[i] Source: https://www.ots.at/redirect/theice
[ii] Source: https://www.ots.at/redirect/OTS_20221014_OTS0097
Image(s) for this mailing can be found in the AOM / original image service
and in the OTS image archive at http://bild.ots.at
Query note:
VOLKSBANK VIENNA AG
Michael Santer
Head of Private Banking & Treasury
Phone: +43 1/40137 – 3178
Email: [email protected]
Director Wolfgang Layr
PR & Communication
Phone: +43 1/40137 – 3550
Email: [email protected]
VOLKSBANK VORARLBERG eV Gene.
Clemens Lengauer
Head of Asset Management
Phone: +43 50882 – 2280
Email: [email protected]
Digital press kit: http://www.ots.at/pressemappe/12045/aom
*** OTS ORIGINAL TEXT PRESS RELEASE UNDER EXCLUSIVE
RESPONSIBILITY OF THE CONTENT OF THE SENDER – WWW.OTS.AT ***
OTS0103 2022-11-29/11:14