APA ots news: VOLKSBANK WIEN AG enables entry into the…

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

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