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The Group’s funds are managed by Ersel Asset Management SGR, the first management company authorised in Italy, and by Ersel Gestion Internationale SA, a company incorporated under Luxembourg law. The Group distributes its investment funds through the bank Ersel Banca Privata SpA and Online SIM SpA, an online fintech platform to purchase mutual funds.

Aware of the importance of an active role in combating climate change, Ersel participates in the PRI through Ersel Asset Management SGR and Ersel Gestion Internationale. The PRI (Principles for Responsible Investments) are a United Nations initiative created to promote the integration of ESG principles in asset management and investment decisions and the development of a more sustainable global financial system. Ersel also participates in the Forum for Sustainable Finance.

*Rating

This rating refers to the rating calculated by Morningstar. Within the fund pages there is also the rating calculated by CFS Rating.

Funds documents
A copy of the previous versions of the issuing documents is available at Ersel Gestion Internationale upon request.

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Fund Date Quote Last change % Holding
Fondersel PMI - - - -
ERSEL Real Estate Fund - - - -
Fondersel - - - -
Fondersel Internazionale - - - -
Fondersel - - - -
Fondersel - - - -
Fondersel - - - -
Fondersel - - - -
Fondersel - - - -
Fondersel - - - -
Fondersel Short Term Asset - - - -
Fondersel Active Selection - - - -
Globersel Broncu - - - -
Globersel Global Equity Class A - Walter Scott - - - -
Globersel Global Equity Class B - Walter Scott - - - -
Hedgersel - - - -
Leadersel Active - - - -
Leadersel Balanced - - - -
Leadersel Corporate Bond Class A - - - -
Leadersel Corporate Bond Class B - - - -
Leadersel Dynamic - - - -
Leadersel Emerging Market Multimanager - - - -
Leadersel Equity World Class I - - - -
Leadersel Equity World Class IH - - - -
Leadersel Equity World - Class R - - - -
Leadersel Equity World - Class RH - - - -
Leadersel Event Driven Class A - - - -
Leadersel Event Driven Class B - - - -
Leadersel Financial Bonds Class I - - - -
Leadersel Financial Bonds Class R - - - -
Leadersel Flexible Bond Class A - - - -
Leadersel Flexible Bond Class B - - - -
Leadersel Gaflex Class A - - - -
Leadersel Gaflex Class B - - - -
Leadersel Gaflex Class C - - - -
Leadersel Hard Currency Emerging Debt Class I - - - -
Leadersel Hard Currency Emerging Debt Class IH - - - -
Leadersel Hard Currency Emerging Debt Class R - - - -
Leadersel Hard Currency Emerging Debt Class RH - - - -
Leadersel High Dividend Equity Class I - - - -
Leadersel High Dividend Equity Class R - - - -
Leadersel Moro - - - -
Leadersel PMI Class A - - - -
Leadersel PMI Class B - - - -
Leadersel PMI Class ID - - - -
Leadersel PMI HD Class A - - - -
Leadersel PMI HD Class B - - - -
Leadersel Total Return Class A - - - -
Leadersel Total Return Class B - - - -
Long Term Income Fund Class A - - - -
Long Term Income Fund Class B - - - -
Long Term Income Fund Class C - - - -
Strategic Global Opportunities - - - -
Value Flexible Strategy Class A - - - -

Fund YTD 1 month 3 months 1 year 3 years* 5 years* 10 years* Since inception*
Fondersel PMI - - - - - - - -
Benchmark - - - - - - - -
ERSEL Real Estate Fund - - - - - - - -
Benchmark - - - - - - - -
Fondersel - - - - - - - -
Benchmark - - - - - - - -
Fondersel Internazionale - - - - - - - -
Benchmark - - - - - - - -
Fondersel - - - - - - - -
Benchmark - - - - - - - -
Fondersel - - - - - - - -
Benchmark - - - - - - - -
Fondersel - - - - - - - -
Benchmark - - - - - - - -
Fondersel - - - - - - - -
Benchmark - - - - - - - -
Fondersel - - - - - - - -
Benchmark - - - - - - - -
Fondersel - - - - - - - -
Benchmark - - - - - - - -
Fondersel Short Term Asset - - - - - - - -
Benchmark - - - - - - - -
Fondersel Active Selection - - - - - - - -
Benchmark - - - - - - - -
Globersel Broncu - - - - - - - -
Benchmark - - - - - - - -
Globersel Global Equity Class A - Walter Scott - - - - - - - -
Benchmark - - - - - - - -
Globersel Global Equity Class B - Walter Scott - - - - - - - -
Benchmark - - - - - - - -
Hedgersel - - - - - - - -
Benchmark - - - - - - - -
Leadersel Active - - - - - - - -
Benchmark - - - - - - - -
Leadersel Balanced - - - - - - - -
Benchmark - - - - - - - -
Leadersel Corporate Bond Class A - - - - - - - -
Benchmark - - - - - - - -
Leadersel Corporate Bond Class B - - - - - - - -
Benchmark - - - - - - - -
Leadersel Dynamic - - - - - - - -
Benchmark - - - - - - - -
Leadersel Emerging Market Multimanager - - - - - - - -
Benchmark - - - - - - - -
Leadersel Equity World Class I - - - - - - - -
Benchmark - - - - - - - -
Leadersel Equity World Class IH - - - - - - - -
Benchmark - - - - - - - -
Leadersel Equity World - Class R - - - - - - - -
Benchmark - - - - - - - -
Leadersel Equity World - Class RH - - - - - - - -
Benchmark - - - - - - - -
Leadersel Event Driven Class A - - - - - - - -
Benchmark - - - - - - - -
Leadersel Event Driven Class B - - - - - - - -
Benchmark - - - - - - - -
Leadersel Financial Bonds Class I - - - - - - - -
Benchmark - - - - - - - -
Leadersel Financial Bonds Class R - - - - - - - -
Benchmark - - - - - - - -
Leadersel Flexible Bond Class A - - - - - - - -
Benchmark - - - - - - - -
Leadersel Flexible Bond Class B - - - - - - - -
Benchmark - - - - - - - -
Leadersel Gaflex Class A - - - - - - - -
Benchmark - - - - - - - -
Leadersel Gaflex Class B - - - - - - - -
Benchmark - - - - - - - -
Leadersel Gaflex Class C - - - - - - - -
Benchmark - - - - - - - -
Leadersel Hard Currency Emerging Debt Class I - - - - - - - -
Benchmark - - - - - - - -
Leadersel Hard Currency Emerging Debt Class IH - - - - - - - -
Benchmark - - - - - - - -
Leadersel Hard Currency Emerging Debt Class R - - - - - - - -
Benchmark - - - - - - - -
Leadersel Hard Currency Emerging Debt Class RH - - - - - - - -
Benchmark - - - - - - - -
Leadersel High Dividend Equity Class I - - - - - - - -
Benchmark - - - - - - - -
Leadersel High Dividend Equity Class R - - - - - - - -
Benchmark - - - - - - - -
Leadersel Moro - - - - - - - -
Benchmark - - - - - - - -
Leadersel PMI Class A - - - - - - - -
Benchmark - - - - - - - -
Leadersel PMI Class B - - - - - - - -
Benchmark - - - - - - - -
Leadersel PMI Class ID - - - - - - - -
Benchmark - - - - - - - -
Leadersel PMI HD Class A - - - - - - - -
Benchmark - - - - - - - -
Leadersel PMI HD Class B - - - - - - - -
Benchmark - - - - - - - -
Leadersel Total Return Class A - - - - - - - -
Benchmark - - - - - - - -
Leadersel Total Return Class B - - - - - - - -
Benchmark - - - - - - - -
Long Term Income Fund Class A - - - - - - - -
Benchmark - - - - - - - -
Long Term Income Fund Class B - - - - - - - -
Benchmark - - - - - - - -
Long Term Income Fund Class C - - - - - - - -
Benchmark - - - - - - - -
Strategic Global Opportunities - - - - - - - -
Benchmark - - - - - - - -
Value Flexible Strategy Class A - - - - - - - -
Benchmark - - - - - - - -

* Average annual compound yield.

Fund Minimum amount of the first subscription Minimum amount of subsequent subscriptions Entry charge Exit charge Management fee Performance fee
Fondersel PMI - - - - - info -
ERSEL Real Estate Fund - - - - - info -
Fondersel 2.500 euro 250 euro - - 1.2% on an annual basis info -
Fondersel Internazionale 2.500 euro 250 euro - - 0.8% on an annual basis info -
Fondersel 2.500 euro 250 euro - - 1.2% on an annual basis info -
Fondersel 2.500 euro 250 euro - - 1.2% on an annual basis info -
Fondersel 2.500 euro 250 euro - - 1.2% on an annual basis info -
Fondersel 2.500 euro 250 euro - - 1.2% on an annual basis info -
Fondersel 2.500 euro 250 euro - - 1.2% on an annual basis info -
Fondersel 2.500 euro 250 euro - - 1.2% on an annual basis info -
Fondersel Short Term Asset 2.500 euro 250 euro - - - info -
Fondersel Active Selection 2.500 euro 250 euro - - - info -
Globersel Broncu 50.000 euro 25.000 euro None None 0.8% on an annual basis info None
Globersel Global Equity Class A - Walter Scott 2.500 euro None None None Max 1.75% on an annual basis info Calculated quarterly on 18% of the positive difference between the net return of the Fund and its reference index: 5% Merrill Lynch Euro Government Bill Index and 95% MSCI World Index.
Globersel Global Equity Class B - Walter Scott 2.500 euro None None None Max 1.75% on an annual basis info Calculated quarterly on 18% of the positive difference between the net return of the Fund and its reference index: 5% Merrill Lynch Euro Government Bill Index and 95% MSCI World Index.
Hedgersel 100.000 25.000 - - 1.5% on an annual basis info -
Leadersel Active 2.500 euro 0 None None 0.60% on an annual basis info Maximum rate of 10% according to the High Watermark method.
Leadersel Balanced 2.500 euro 250 euro None None 1.5% on an annual basis info Calculated daily on 15% of the positive difference between the net return of the Fund and the index consisting of 35% MSCI World All Countries, 25% BofA Merrill Lynch Global Government, 15% BofA Merrill Lynch Euro Large Cap Corporate and 25% BofA Merrill Lynch Euro Government accrued on a reference period of three years. The performance fees is calculated daily and paid at the redemption or at the end of the reference period.
Leadersel Corporate Bond Class A 1.000.000 euro None None None 0.55% on an annual basis info 20% on the yield in excess of the reference index ICE BofAML Euro Corporate
Leadersel Corporate Bond Class B 2.500 euro 250 euro None None 0.8% on an annual basis info 20% on the excess return over the benchmark index ICE BofAML Euro Corporate
Leadersel Dynamic 2.500 euro None None None Max 1.5% on an annual basis info None
Leadersel Emerging Market Multimanager 2.500 euro 250 euro None None Max 2% on an annual basis info Calculated quarterly on 20% of the positive difference between the net return of the Fund and its reference index: 5% Merrill Lynch Euro Government Bill Index and 95% MSCI Emerging Market Index.
Leadersel Equity World Class I 125.000 euro None None None 1% info Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Leadersel Equity World Class IH 500.000 euro None None None 1% info Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Leadersel Equity World - Class R 2.500 euro None None None 1,75% info Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Leadersel Equity World - Class RH 2.500 euro None None None 1,75% info Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Leadersel Event Driven Class A 2.000.000 euro 50.000 euro None None 1% on an annual basis info Maximum of 20% calculated on the positive return of the net asset value per unit with reference to each Valuation Date (High Water Mark), paid quarterly.
Leadersel Event Driven Class B 2.500 euro 250 euro None None 1.5% info Maximum of 20% calculated on the positive return of the net asset value per unit with reference to each Valuation Date (High Water Mark), paid quarterly.
Leadersel Financial Bonds Class I 500.000 euro None None None 0,55% info Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Leadersel Financial Bonds Class R 10.000 euro None None None 1% info Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Leadersel Flexible Bond Class A 2.000.000 euro 0 None None 0.5% on an annual basis info Maximum of 10% of the annual performance exceeding both the Highwatermark (the highest year end value attained prior to the calculation date) and the Hurdle Rate (annual performance of Euribor 12 Month + 2%). Paid annually.
Leadersel Flexible Bond Class B 2.500 euro 250 euro None None 1% on an annual basis info Maximum of 10% of the annual performance exceeding both the Highwatermark (the highest year end value attained prior to the calculation date) and the Hurdle Rate (annual performance of Euribor 12 Month + 2%). Paid annually.
Leadersel Gaflex Class A 1.000.000 euro 0 None None 0.70% on an annual basis info None
Leadersel Gaflex Class B 1.000.000 euro 0 None None 0.95% on an annual basis info Maximum rate of 10% according to the High Watermark combined with Hurdle rate method.
Leadersel Gaflex Class C 2.500 euro 0 None None 1.20% on an annual basis info Maximum rate of 10% according to the High Watermark combined with Hurdle rate method.
Leadersel Hard Currency Emerging Debt Class I 500.000 euro None None None 0.55% on an annual basis info 20% on the yield in excess of the reference index
Leadersel Hard Currency Emerging Debt Class IH 500.000 euro None None None 0.55% on an annual basis info 20% on the yield in excess of the reference index
Leadersel Hard Currency Emerging Debt Class R 2.500 euro None None None 0.80% on an annual basis info 20% on the yield in excess of the reference index
Leadersel Hard Currency Emerging Debt Class RH 2.500 euro None None None 0.80% on an annual basis info 20% on the yield in excess of the reference index
Leadersel High Dividend Equity Class I 500.000 euro None None None 1% on an annual basis info 20% of the positive difference between the net return of the Fund and the Index
Leadersel High Dividend Equity Class R 2.500 euro None None None 1.75% on an annual basis info 20% of the positive difference between the net return of the Fund and the Index.
Leadersel Moro 50.000 euro 25.000 euro None None 0.8% on an annual basis info None
Leadersel PMI Class A 2.000.000 euro - None None 0.9% on an annual basis info 20% of the positive difference between the net return of the Fund and an index consisting of 50% FTSE MIB TR NET and 50% FTSE Italia Mid Cap TR NET with a maximum of 2% of the average net asset value during the period.
Leadersel PMI Class B 2.500 euro None None None 1.75% on an annual basis info 20% calculated on the positive difference between the net return of the Sub-Fund and the index consisting of the benchmark in the reference calendar year.
Leadersel PMI Class ID 2.000.000 euro - None None 1.10% on an annual basis info None
Leadersel PMI HD Class A 2.000.000 euro 2.000.000 euro None None Max 0.9% on an annual basis info 15% of the positive difference between the net return of the Fund and 2% with a maximum of 1.5% of the average net asset value during the period.
Leadersel PMI HD Class B 2.500 euro 250 euro None None Max 1.75% on an annual basis info 15% of the positive difference between the net return of the Fund and 2% with a maximum of 1.5% of the average net asset value during the period.
Leadersel Total Return Class A 2.500 euro 250 euro None None 1.5% on an annual basis info None
Leadersel Total Return Class B 2.500 euro 0 None None 1.10% on an annual basis info Maximum rate of 15% according to the High Watermark method.
Long Term Income Fund Class A 10.000.000 euro 1.000.000 euro None None 0.70% on an annual basis info None
Long Term Income Fund Class B 1.000.000 euro 100.000 euro None None 0.90% on an annual basis info None
Long Term Income Fund Class C 125.000 euro 50.000 euro None None 1.20% on an annual basis info None
Strategic Global Opportunities 125.000 euro 0 None None Max 0.35% on an annual basis info None
Value Flexible Strategy Class A 125.000 euro 0 0 0 0.15% on an annual basis info 0

Ersel uses funds not as mere products but as efficient and functional tools for portfolio building. Ersel uses internal managers, external managers for delegated funds and partnerships.

Internal managers


Ersel makes use of internal managers focused on the areas and strategies in which it boasts a long experience and consolidated track records, confirmed by numerous awards and awards.
 

External managers


Our multi-manager team provides clients with access to the capabilities of external managers, selecting partners to delegate the management of specific asset classes. The selection process for top global specialists is based on rigorous due diligence of management structures, ensuring robust investment processes and consistent performance.

 

Partnership


Over the years, Ersel has built strong partnerships with leading asset management firms, enabling exclusive investment opportunities for clients, particularly in private markets:

  • Fondaco for Ersel Private Equity Fund
  • Equiter for Equiter Infrastructure II
  • Kervis for Ersel Real Estate Fund
     


SFDR Article 8 Funds


Ersel, always attentive to the issues of social responsibility, welcomes the plan of the European Union that has the objective to contribute to the development of a finance sustainable with uniform rules. All its products incorporate criteria that respect the environment, human rights and good governance practices of companies, as provided for in art. 6 of the relevant European Regulation SFDR. In addition, some of the group’s funds promote, inter alia, environmental factors or social or good governance practice, pursuant to art. 8 of the Regulation.

Responsible investment policy

  • With regard to funds managed directly, the Group companies apply strict exclusion criteria, which concern issuers that do not comply with international treaties (such as the Ottawa Treaty on anti-personnel mines) or which contradict the ESG principles in their activity (tobacco, coal mining, fracking, Arctic hydrocarbons, etc.) and also issuers established in countries that are subject to international sanctions or that violate the UN Compact principles
  • As regards third-party Oicrs and Etfs, there is a negative screening aimed at identifying their compatibility with reference to the Group’s exclusion policy. The ESG risk assessment process shall be continuously monitored. In addition, the Group’s management companies follow a policy (Engagement Policy) on the criteria and methods of exercising the voting rights associated with the participation in the share capital of the issuers.

For more details, visit the sustainability page.
 

PIR Funds


I PIR (Individual Savings Plans) were introduced in Italy with the 2017 Budget Law.

  • These products are focused on medium- and small-cap companies;
  • If held for at least 5 years, they provide for total exemption from any form of taxation on profits earned - dividends, coupons, capital gains - succession and donations.
  • The investment limit is 40,000 euros per year, with a maximum of 200,000 euros overall.

Within the Ersel range, two products, Leadersel PMI and Leadersel PMI HD, are PIR compliant and can therefore be used by the customer as part of its PIR account in order to benefit from the tax benefits provided by the legislation.
 

Private Equity Funds


Private markets investments, thanks to their risk/return profiles and low correlation with traditional assets, can help diversify and optimize the portfolio’s exposure. 
Private equity funds provide capital to non-listed companies with a high potential for development and growth, with the aim of achieving a substantial increase in value invested following the sale of the shareholding acquired or on the stock exchange listing.

In addition to offering higher performance prospects than traditional asset classes, the investments of specialized products in this sector are useful as a means of diversification:

  • compared to traditional equity exposure, they may provide protection at bad times;
  • give access to new markets or niches of the economy that cannot be reached with investments in listed markets.

 

Alternative Investment Funds (AIFs)


AIFs are high-entry-threshold products managed through sophisticated strategies and techniques, typically inaccessible via conventional investment programmes. Historic funds such as Hedgersel cater to clients seeking portfolio diversification and positive, market-independent results.

 

Reserved closed-end alternative funds


There are also some reserved closed-end Alternative Funds available to customers. We list them below:

  • Equiter Infrastructure II, italian fund 
  • Alisia RE, Italian real estate fund
  • Palatino RE, Italian real estate fund
  • Ersel Real Estate Fund, Luxembourg fund
  • Ersel Private Equity Fund, Luxembourg fund

© Ersel Banca Privata - P.Iva 11894590154

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