close
share

Main information

Fund name Globersel Equity Value Class A - Metropolis
Benchmark 100% MSCI World Index
Category International Equity Fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment object

The main objective of the sub-fund is the appreciation of the capital value over a long period of time (approximately 5 years) with a high level of risk.

Investment policy

The sub-fund invests in shares of companies selected according to high quality criteria, undervalued by the market in relation to their ability to generate income streams in the future, according to a value approach. Investments are concentrated in a limited portfolio (15-25 securities), with low turnover, around 5 years.

ESG, environment, society, governance

The investment process integrates environmental, social and governance factors. The fund monitors the ESG (Environmental, Social and Governance) profile of the investments and can take a position on issues that could have a negative impact on the matter.

Legal information

Depository bank CACEIS Bank, Luxembourg branch
Audit firm EY
How to subscribe it

The Funds managed by Ersel Gestion Internationale S.A. can be subscribed by sending an order to the Transfer Agent and Custodian Bank of the Fund. Investor Services Team:

  • Email address: fds-investor-services@caceis.com
  • Phone number: 00 352 47 6759 99
  • Fax number: 00 352 47 67 70 37
  • Business hours: 9 a.m. to 6 p.m. CET
  • Languages: Inglese, French, Spanish, Italian, German, Dutch

For institutional investors the orders can also be transmitted through the following distributors: Allfunds Bank, Mfex, Fund Channel.

NAV calculation frequency Daily
Fund units publication Fundsquare.net

Fund ticker

ISIN code LU2018618616
Bloomberg GLBEVMA LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1.5% on an annual basis
Performance fee 20% calculated on the positive difference between the net return of the Sub-Fund and the MSCI World Index in the reference calendar year (Reference Period).
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions None

Performance

Period NAV Fund Benchmark
2025.07.09181,570--
2025.07.08181,1900,20%0,44%
1 month177,0102,57%0,71%
3 months154,93017,19%10,29%
YTD175,8603,24%-3,31%
1 year163,09011,33%4,61%
3 years*124,52013,38%10,58%
5 years*97,83013,16%11,77%
Since inception (Sep 20 2019)100,00010,82%9,96%
* Average annual compound yield
NOTE: Before subscribing, read the informative prospectus. There is no guarantee of obtaining the same return afterwards.

Graphic trend

Created with Highstock 6.1.1Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25202020212022202320242025-50%0%+50%+100%3m6m1y2y3yAllFrom20/09/2019To09/07/2025FondoBenchmark
Created with Highstock 6.1.1Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25202020212022202320242025751001251501752003m6m1y2y3yAllFrom23/09/2019To09/07/2025NAV

June concluded with overall positive equity performance in local currency, particularly in the United States and emerging markets, aided by broad-based dollar weakness.

Monthly comment from the manager

This was facilitated by the gradual disappearance of geopolitical tensions and concerns over US debt, which triggered a decisive compression in Treasury yields (-17bps on the 10-year), with the dollar's defensive role remaining impaired. Once again, the United States took center stage, with the S&P 500 rising 5% and the Nasdaq gaining +6.6%, supported by solid corporate earnings, upward revision of public spending, and a macroeconomic backdrop that remains resilient even without new fiscal stimulus.

Technology and growth sectors continued to drive the US market, while the small-cap segment (+4.6%) also showed signs of vitality. In stark contrast, Europe showed signs of deceleration: the Eurostoxx 600 lost -1.3%, weighed down by an uncertain macro picture and the perception that continental economies are more exposed to the consequences of potential US protectionist measures. European underperformance was also reflected in bond flows, with a widening of yields on the German 10-year (+10.6bps), running counter to the global movement.

Emerging markets provided a positive surprise, posting +5.7% (MSCI EM). China, in particular, contributed to the recovery (Hang Seng +3.4%). On the currency front, as anticipated, there was a decisive dollar reversal: the euro recovered 3.9% against the greenback, in a context of improving US trade balance and technical positioning favoring the single currency. The yen remained stable, while the Chinese yuan appreciated slightly (-0.5% USD/CNY). Commodities registered a recovery led by oil (+7.1%), driven by winds of war in the Middle East. Gold, meanwhile, closed marginally positive (+0.4%), maintaining its safe-haven function amid renewed geopolitical volatility.

At the style and factor level, the month again rewarded growth (+4.9%) over value (+3.5%), with solid results also for the momentum factor (+3.6%). Defensive and low volatility stocks (+0.1%) remained in the background, consistent with an environment of greater risk appetite. The fund recorded a positive absolute performance, outperforming its benchmark during the period. Sector allocation provided a negative contribution that was more than offset by stock selection, with Oracle and State Street standing out. No new movements were made.

Offer documents

Document Date of the document Download
PRIIPS KID 03/03/2025 PDF get_app
Management rules 05/02/2019 PDF get_app
Prospectus 08/01/2024 PDF get_app
Annual reporting requirements 31/12/2022 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2024 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2024 PDF get_app
Annual Report CH 31/12/2021 PDF get_app

Notice

Document Date of the document Download
Notice of Merger METROPOLIS and High Dividend Equity 24/06/2025 PDF get_app
Fund manager
Metropolis Capital Limited
Gestore in delega
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Rating
Morningstar star star star star star
CFS Rating star star star star star

RISPARMIO ENERGETICO ATTIVO

Questa schermata consente al tuo monitor di consumare meno energia quando il computer resta inattivo.

Clicca in qualsiasi parte dello schermo per riprendere la navigazione.