The first step in investing. With Flossbach von Storch.

From saver to investor

The first step is the hardest. And also the most important. Do you remember how you learned to ride a bicycle as a child? When the supporting hand slowly let go. Or your first farewell, your first job interview, your first kiss, a ground-breaking ceremony...The first step has always enriched our lives. When will you take this first step of investing your money?

Three good reasons to choose
Flossbach von Storch – Der erste Schritt

Investment for beginners

The fund aims to provide people with a way out of the zero-interest trap and avoid real asset losses through prudent and experienced investing and broad diversification.

An alternative to zero interest

The fund offers an investment solution focused heavily on bonds, which cleverly combines the strategy with a small equity stake. Taking the first step out of the zero interest trap.

Clear investment decisions

The investment strategy follows a clear world view. The five investment guidelines – diversification, quality, value, solvency and flexibility – provide the principles of the investment strategy.

At first, many do not realise
that inflation is eating up their savings."

- Elmar Peters, Fund Manager

Get into investment now.

Just ask your bank or financial advisor for more information about the "Flossbach von Storch – Der erste Schritt" fund or ISIN LU0952573136.

Click here for more information about the funds

Do you want to learn more about the world of finance?

"Position" is Flossbach von Storch's free magazine. Find out how the financial markets work – and how to invest your assets in a resilient way.

Click here for the "Position"

Detailed information about the performance of the fund can be found here.



  • Participate in global bond market growth.
  • Income can be generated from regular interest payments.
  • Active interest rate, currency and risk management (e.g. from the use of derivatives).
  • Risk is broadly diversified by investing in a range of asset classes (e.g. equities, bonds, convertible bonds etc.) Market potential can be exploited by investing across a wide range.


  • The securities in which the Management Company invests the sub-fund assets present opportunities for gain but also the possibility of risk. If a sub-fund invests directly or indirectly in securities and other assets, it is subject to many general trends and tendencies, which are sometimes attributable to irrational factors on the markets particularly on the securities markets. Losses can occur when the market value of the assets decreases as against the cost price. If a unitholder sells units of the sub-fund at a time at which the value of assets in the sub-fund has decreased compared with the time of the unit purchase, he will not receive the full amount he has invested in the sub-fund. Despite the fact that each sub-fund aspires constant growth, this cannot be guaranteed.
  • Country, credit and issuer liquidity risk. Also potential exchange rate risks. If securities are illiquid (i.e. thinly traded), there is a risk that it may either not be possible to sell the assets at all or only by accepting a significant discount on the sale price.
  • Investing in bonds may entail price risks, especially in case of rising interest rates on the capital markets.
  • Where used, derivatives can have a greater negative impact on the fund value than would be the case if the assets were acquired directly. This can affect the fund's risk profile and volatility (tendency for the price to fluctuate).


This is not an offer to buy or subscribe to securities. The information does not constitute investment advice or other recommendations. The value of any investment may fall or rise, and you may not get back the amount invested. You should consult with your advisor before making any investment.

For the summary of investor rights with additional information regarding legal disputes, please refer to the "Supplementary Information Sheet for Investor Information" document at The Management Company may make any country-specific adjustments to the distribution authorisation, including the revocation of distribution regarding its investment funds.

Visit the fund details page of the Flossbach von Storch - Der erste Schritt R Fund here. There you will find performance data, the portfolio structure and additional detailed fund information.

Information regarding limited distribution

The English translation is only for the purpose of convenience.

The use of the distribution partners page is only permitted for distribution partners. The information provided in this area will be treated confidentially and is only intended for authorised third parties. The obligation to maintain confidentiality does not apply to information that is already generally accessible.

The information contained in the website from Flossbach von Storch AG is intended solely for German investors whose residence, registered office or centre of administration is in Germany. The information contained herein is not intended for publication, use or distribution by any person in a country in which a fund is not authorised for distribution. In particular, the shares of this fund may therefore not be offered for sale or sold within the United States of America (USA), to or on behalf of US citizens, or to or on behalf of US persons residing in the USA. The content shown is for informational purposes only. In particular, it does not constitute an offer to sell, purchase or subscribe to other assets. In the event that a person, whose residence or office is located abroad, is able to access the website of Flossbach von Storch AG and the information contained within, Flossbach von Storch AG does not accept any guarantee or liability that the information contained complies with the relevant applicable legal provisions of the respective country.