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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

The month of April was characterized by renewed stability following the initial energy shock caused by the conflict in the Gulf.

Monthly comment from the manager

Although the closure of the Strait of Hormuz continues to affect trade flows, the announcement of a ceasefire triggered a rapid risk reversal. Equity markets are still not fully pricing in the resilience of corporate earnings, which for 2026 continue to show positive momentum and double-digit growth expectations across nearly all geographic regions. From a sector perspective, April highlighted significant differences in performance among the various industries. The energy sector, which had strongly benefited from the surge in oil prices in previous months, gradually lost momentum.

After a period of strong outperformance, the risk/reward profile of oil companies became less attractive, also because crude oil prices started to incorporate scenarios of possible “demand destruction,” meaning a slowdown in global demand caused by elevated energy costs. By contrast, the financial sector showed good resilience. US banks benefited from the steepening of yield curves and the prospect of higher net interest margins. The evolution of the technology sector and the artificial intelligence theme was also particularly noteworthy.

Following the sharp de-rating observed in previous months, many US technology companies showed signs of recovery. American mega-cap stocks, while continuing to post positive earnings revisions, are now trading at less extreme valuations compared to the recent past. This renewed investor interest in the sector, especially in hyperscalers and companies most exposed to AI-related investments. Technical indicators also improved gradually throughout the month. Implied volatility, while still elevated, progressively normalized, and the volatility curve returned to contango, signaling a reduction in short-term market tensions. At the same time, trend-following models and quantitative funds began increasing their equity exposure again, providing further support to the market recovery.

Factsheet

Document Date of the document Download
Monthly report 15/04/2026 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 06/05/2026 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 31/12/2025 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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