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Bucharest
April 16, 2021
BUSINESS

Erste Asset Management launches “Romania is Investing” handbook

Erste Asset Management issued the first survey regarding the Romanian Investment Funds and launched the “Romania is Investing” (“Romania Investeste”) handbook, which explains what investment funds are, how do they work, what are the main categories and what are the types of financial instruments in which the investment funds are investing. The financial protection is the main reason for which Romanian people place money in the investment funds; 88 percent of the investors appreciate that investment funds can bring a superior benefit compared to the saving products.

“The wrong myth of the huge amount of money and the lack of information are the main barriers to non-participation in an investment fund. Many things have been said about Investment Funds: they said that they are complicated, that they’re not for anyone. But there are few people who know exactly what an Investment Fund is or how it works. That’s why we’ve designed a financial education program and an investment handbook called ‘Romania is Investing’, in which we’ve explained every term, every product, every myth, so that anyone can decide by his own if the investments are adequate, when and in what he should invest”, underlined Dragos Neacsu (photo), Erste Asset Management CEO.

The main conclusions of the Erste Asset Management survey reveals that financial protection is the main reason for which Romanian people place money in investment funds. 49 percent of the interviewed people mentioned the long-term financial protection, 38 percent are thinking of the day-to day life’s peace, 36 percent wish to use their financial reserves in the most profitable way. The survey shows that, for Romanians, the financial protection need is closely related to the desire of having a support in the unpredicted or difficult moments, rather than the concern for the future. While 47 percent of the respondents hold saving deposits older than 3 years, most of the respondents believe a wrong myth: to be able to invest in an investment fund, you must own large amounts of money. Thus, 55 percent of the respondents appreciate that they don’t have enough money to invest, while 34 percent consider that they’re not sufficiently informed to be able to invest.

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