The minimum share rates of the state-subsidised pension products were readapted at the beginning of 2010 according to the characteristics of a life cycle product – with increasing age, investment risks are reduced.

The Life Cycle Förderpension (minimum duration of contract 10 years) is also available with a duration of 15 years, called Life Cycle Zukunftsplan. In addition to the state subsidy, the product has a 100% capital guaran-tee. Both products are insurance solutions offered in cooperation with Victoria Volksbanken Versicherung.

* When single deposits are withdrawn prematurely (less than 10 years), the investment is, retrospectively, subject to insurance tax.
2) The Financial Market Authority warns: The Garantie-Spar-Fonds is permitted to invest up to 100 per cent in assets, pursuant to Section 20a (1) 3 InvFA 1993 (Alternative Investments), which have an increased investment risk compared to traditional investments.
In particular, investments in these assets may lead to partial losses or to a complete financial loss of the therein invested capital.
The possibility of a total loss is limited to 20% due to the guarantee set out in Item 2.2.2. of the simplified sales brochure.
The Garantie-Spar-Fonds, a balanced fund of funds pursuant to Section 20a InvFG, is managed according to a multi-step safey model (CPPI Model). Asset weighting is determined by a dynamical allocation process. Due to these management limitations, investments over longer time periods may not participate in equity market developments.
Guarantor: Österreichische Volksbanken AG, A-1090 Vienna, Kolingasse 14-16. The quality of the guarantee is dependent on the creditworthiness of the guarantor.

The Financial Market Authority warns: The VB Asset Navigator may invest up to 50 per cent in assets according to section 20a (1) no. 3 InvFundAct 1993 (Alternative Investments), whereby it can yield, compared to traditional investments, a higher investment risk. It can, in particular with this investment, reach a loss right up to total loss of the therein invested capital.

Asset management investments with capital preservation or a guarantee offer investment opportunities with a safety net for security-oriented clients. Products with a proven track record fulfil their promised performance in terms of security and income.

Garantie-Sparen – in the form of index-linked life insurance from Victoria-Volksbanken Versicherung or Garantie-Spar-Fonds funds – are new, flexible savings models for security-oriented investors with an 80% highest level guarantee.
Flexibility is given high priority: there is no fixed term that investors must commit to. Savings amounts (from euro 40 per month) can vary, contributions can be suspended and, if necessary, the investor can even withdraw easily.

The contents are solely intended to provide non-binding information. The information contained in this brochure is not a recommendation to buy or sell financial instruments. The information sheet is not a substitute for professional advice about the financial instruments described therein and, in particular, is not a substitute for a comprehensive risk evaluation. It is neither an offer nor an invitation to buy or sell financial instruments. The information presented here was researched with the utmost care. Volksbank Invest Kapitalanlagegesellschaft m.b.H. assumes no responsibility neither for the accuracy, completeness or timeliness of the information nor for misprints contained.

Prospectus: The published prospectuses for these investment funds in their present form, including all modifications that have been made since their initial publication, are available under www.volksbankinvestments.com at and may also be obtained from the headquarters and branch offices of the Volksbank Group. Prospectuses are published in the German and English language.
The capital investment company and the FMA points out that the Investment Fund Act (InvFG) 2011 is effective as of 01.09.2011. The legal references set out in the Fund Rules and the sales prospectuses refer to the InvFG 1993 because the Fund Rules were approved on the basis of the legal regulations valid at that time.
The Financial Market Authority warns: The Garantie-Spar-Fonds is permitted to invest up to 100 per cent in assets, pursuant to Section 20a (1) 3 InvFA 1993 (Alternative Investments), which have an increased investment risk compared to traditional investments.
In particular, investments in these assets may lead to partial losses or to a complete financial loss of the therein invested capital.
The possibility of a total loss is limited to 20% due to the guarantee set out in Item 2.2.2. of the simplified sales brochure.
The Garantie-Spar-Fonds, a balanced fund of funds pursuant to Section 20a InvFG, is managed according to a multi-step safey model (CPPI Model). Asset weighting is determined by a dynamical allocation process. Due to these management limitations, investments over longer time periods may not participate in equity market developments.
Guarantor: Österreichische Volksbanken AG, A-1090 Vienna, Kolingasse 14-16. The quality of the guarantee is dependent on the creditworthiness of the guarantor.

The Asset Management of Volksbank Investments puts a particular focus on a demand-orientated investment strategy. Its basis is the implementation of both Alpha (market-neutral) and Beta (market-dependent) building blocks.

The main target groups of Volksbank Investments Asset Management are companies, insurance companies, pension funds, foundations and banks. Risk management has a particular importance: an active management aims primarily to secure capital rather than to maximise the earnings. Beginning with the proper asset allocation – the dynamic combination of different asset categories-, portfolios are thus made crisis-proof.

The contents are solely intended to provide non-binding information. The information contained in this brochure is not a recommendation to buy or sell financial instruments. The information sheet is not a substitute for professional advice about the financial instruments described therein and, in particular, is not a substitute for a comprehensive risk evaluation. It is neither an offer nor an invitation to buy or sell financial instruments. The information presented here was researched with the utmost care. Volksbank Invest Kapitalanlagegesellschaft m.b.H. assumes no responsibility neither for the accuracy, completeness or timeliness of the information nor for misprints contained.

The customer wants his money to be invested sensibly in order to be able to adapt flexibly to upcoming opportunities. VB Asset Navigator is a systematic investment process taking into account explicitly the respective market phase (recovery, boom, downturn, recession) for its investment decision.

The investment process VB Asset Navigator benefits from return chances in any market phase by taking advantage of the interaction of different asset categories (like shares, bonds, money market instruments, gold, commodities, alternative investments) with different risk and return characteristics. A well-focused combination of market-dependent (Beta) and market-neutral (Alpha) returns is pivotal.

The contents are solely intended to provide non-binding information. The information contained in this brochure is not a recommendation to buy or sell financial instruments. The information sheet is not a substitute for professional advice about the financial instruments described therein and, in particular, is not a substitute for a comprehensive risk evaluation. It is neither an offer nor an invitation to buy or sell financial instruments. The information presented here was researched with the utmost care. Volksbank Invest Kapitalanlagegesellschaft m.b.H. assumes no responsibility neither for the accuracy, completeness or timeliness of the information nor for misprints contained.
Prospectus: The published prospectuses for these investment funds in their present form, including all modifications that have been made since their initial publication, are available under www.volksbankinvestments.com at and may also be obtained from the headquarters and branch offices of the Volksbank Group. Prospectuses are published in the German and English language.
The capital investment company and the FMA points out that the Investment Fund Act (InvFG) 2011 is effective as of 01.09.2011. The legal references set out in the Fund Rules and the sales prospectuses refer to the InvFG 1993 because the Fund Rules were approved on the basis of the legal regulations valid at that time.
The Financial Market Supervisory Authority warns: The VB Asset Navigator can invest up to x% in asset classes pursuant to Section 20a (1) sentence 3 of the Austrian Investment Fund Act (InvFG) 1993 (alternative investments) that bear a higher investment risk compared with traditional investments. These investments in particular can incur losses up to the total amount of capital invested.
The fund aims to achieve at least 90% of the highest reached value through the use of a capital preservation strategy. However, a guarantee that this investment objective will be achieved can not be given.

Companies, foundations and pension funds require solutions that are tailored to their individual needs. The expertise is based on relevant experience in managing institutional funds such pension funds and insurance. Institutional asset management clients are offered portfolio and risk management solutions and reporting both as an all-in-one offer and in modular form.

For the second consecutive time, Victoria-Volksbanken Pensionskassen AG (VVP) was given the IPE Award as the “best pension fund in Austria”. Investment for the Victoria-Volksbanken pension fund is performed by Volksbank Investments, the Volksbank Group’s asset management unit. The decision by the international specialist jury was largely based on the innovative asset management approach developed by Volksbank Investments and implemented for the pension fund. This strategy has led to a better performance than the market average since 2007.

The contents are solely intended to provide non-binding information. The information contained in this brochure is not a recommendation to buy or sell financial instruments. The information sheet is not a substitute for professional advice about the financial instruments described therein and, in particular, is not a substitute for a comprehensive risk evaluation. It is neither an offer nor an invitation to buy or sell financial instruments. The information presented here was researched with the utmost care. Volksbank Invest Kapitalanlagegesellschaft m.b.H. assumes no responsibility neither for the accuracy, completeness or timeliness of the information nor for misprints contained.