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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

Market sentiment in the final stretch of the year was buoyed by a favorable mix of macroeconomic tailwinds.

Monthly comment from the manager

In the U.S., December was dominated by the Federal Reserve’s long-awaited move to cut interest rates. This shift gave markets a second wind, allowing the S&P 500 to dance with new record highs and wrap up the year with a solid gain of over 16%. Yet, if we look under the hood, an interesting rotation was taking place. While the tech titans and the AI sector began showing signs of fatigue and sharper volatility, with Nvidia, for instance, seeing its momentum waver after the massive rallies of previous months, investors started rotating toward Value and Small Cap stocks, which were seen as offering better 'bang for the buck.'

Across the pond, European markets showed surprising grit. London’s FTSE 100 enjoyed one of its strongest years since 2009, while the pan-European Stoxx 600 hit fresh peaks as the month drew to a close. Italy was a standout story: Piazza Affari ended 2025 on a high note, with the FTSE Mib reaching historic milestones and breaking through the €1 trillion market cap barrier. Banks and defense stocks, like Leonardo, led the charge, fueled by robust earnings outlooks and a geopolitical backdrop that, despite the ongoing tension, created pockets of tactical opportunity.

Looking East, Japan was the real star of 2025. It finished December with annual returns in the 24-26% range, thanks in part to a monetary policy that, while shifting, remained far more supportive than what we saw in the West. As for our fund’s strategy, we maintained a full and diversified equity exposure. However, it’s worth noting that we introduced a significant tilt toward a passive 'Quality' strategy which faced some headwinds this year. We saw a clear re-rating of the Quality factor: the market was no longer keen on paying a high premium for the safety of 'perfect' balance sheets, choosing instead to chase higher returns in riskier, more attractively priced sectors.

Factsheet

Document Date of the document Download
Monthly report 05/01/2026 PDF get_app

Offer documents

Document Date of the document Download
KID 04/07/2025 PDF get_app
Management rules 05/02/2019 PDF get_app
Prospectus 15/12/2025 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2025 PDF get_app
Semi annual report CH 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 31/12/2023 PDF get_app
Risk level
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Rating
Morningstar star star star star star

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