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Main information

Fund name Leadersel Dynamic
Benchmark In relation to the purpose of the fund it is not possible to identify a benchmark representative of the investment policy.
Category Flexible fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

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 67 5999
  • 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 LU0904227583
Bloomberg LEADYNA:LX

Charges

Entry charge None
Exit charge None
Maximum management fees Max 1.5% on an annual basis
Performance fee None
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions None

In August, developed market equities posted positive returns, supported by macroeconomic resilience and an overall robust corporate earnings season.

Monthly comment from the manager

The MSCI World Index gained approximately 2.6% in US dollar terms, continuing its upward trend since the beginning of the year. The United States remained a key market driver, with the S&P 500 rising by 2.7% and the Nasdaq gaining 4.0%. The technology sector regained momentum following July's weakness, bolstered by solid corporate results and sustained high expectations for AI-related capital expenditure. However, market leadership broadened to other sectors: materials and energy performed particularly well, with the latter supported by steady oil prices amid ongoing geopolitical tensions in the Middle East.

European equity markets maintained a positive trajectory but underperformed global markets. Rising bond yields and renewed inflationary pressures linked to energy prices partially offset generally resilient macroeconomic and corporate signals. Meanwhile, Japan delivered a strong performance, with the TOPIX gaining 3.9%, supported in part by a weaker yen. On the macroeconomic front, investor focus remained centered on monetary policy outlooks.

At Jackson Hole, Federal Reserve Chair Kevin Warsh maintained a hawkish stance, emphasizing that progress on inflation remains insufficient and reinforcing expectations of a potential additional rate hike. The rise in long-term government bond yields introduced volatility during the second half of the month. Overall, August confirmed a favorable environment for developed market equities, driven by solid earnings and steady economic activity, despite ongoing risks related to inflation, interest rates, geopolitical tensions, and elevated valuations in certain market segments.

Factsheet

Document Date of the document Download
Monthly report 12/08/2026 PDF get_app

Offer documents

Document Date of the document Download
KID 02/03/2026 PDF get_app
Management rules 25/01/2013 PDF get_app
Prospectus 06/05/2026 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2026 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2025 PDF get_app
Risk level
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Rating
Morningstar star star star star star

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