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Main information

Fund name Globersel Equity Value Class B - 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 LU2018618707
Bloomberg GLBEVMB LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1% on an annual basis
Performance fee 10% 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 500.000 Eur
Minimum amount of subsequent subscriptions None

Performance

Period NAV Fund Benchmark
- - - -
* Average annual compound yield
NOTE: Before subscribing, read the informative prospectus. There is no guarantee of obtaining the same return afterwards.

Graphic trend

June was a positive month for global stocks, driven by the United States (S&P +4% and NASDAQ +6%), Japan (TOPIX +1%), and emerging markets (+3%).

Monthly comment from the manager

The increase in political uncertainty in France (CAC over -6%) has weighed on the performance of European indices (Eurostoxx50 -2%), especially for more domestically-oriented companies.
In the Asian region, China (with HK -2%) continues to accumulate relative lag compared to the global index.

French political uncertainties also reverberate on the country's government debt, which widens along with peripherals, while core countries' debt tightens along with American debt.

For the same reason, the single currency depreciates against the greenback, which also gains against the JPY. Energy commodity prices are rising again, driven by crude oil, while agricultural commodities are falling, and the prices of major metals are not advancing but remain at sustained levels.

During the month, growth, large-cap, and momentum styles are favored. Technology and communications still stand out, while utilities are the worst-performing sector, negative.

The fund recorded an absolute positive performance but significantly underperformed its benchmark during the period. Sector allocation provided a negative contribution along with unfavorable stock selection, mainly due to Ashtead, Texas, and Comcast. Crown Holdings is a new position in the fund.

Factsheet

Document Date of the document Download
Monthly report 13/06/2024 PDF get_app

Offer documents

Document Date of the document Download
KID 01/03/2024 PDF get_app
KID ES 01/03/2023 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 30/06/2023 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2023 PDF get_app
Annual Report CH 31/12/2021 PDF get_app
Annual Report DE 31/12/2021 PDF get_app
Fund manager
Metropolis Capital Limited
Gestore in delega
Risk level
  • 1
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Rating
Morningstar star star star star star
CFS Rating star star star star star

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