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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

During September, global equity markets demonstrated notable resilience despite a more challenging backdrop characterized by rising bond yields, higher energy prices, and a renewed tightening bias from central banks.

Monthly comment from the manager

Resilient economic growth and still-solid corporate earnings continued to support profits, allowing equity indices to absorb the increase in risk premia without experiencing significant corrections. In the United States, equity markets remained close to their highs, although market leadership became less straightforward. Enthusiasm for artificial intelligence continued to be the main driver of risk appetite, while concerns increased regarding the sustainability of current investment levels and companies' ability to translate elevated spending into monetization and productivity gains.

This environment led to frequent rotations between AI infrastructure beneficiaries, software companies, and stocks that had previously lagged, leaving headline indices relatively stable but with greater dispersion beneath the surface. In Europe, market performance was weaker, weighed down by higher interest rates and the impact of elevated energy prices on growth expectations and valuation multiples. Nevertheless, banks and financials continued to display attractive characteristics, supported by robust profitability, appealing carry, and strong activity in both trading and investment banking businesses.

Across Asia, performance remained mixed, with markets more exposed to semiconductors and the broader technology supply chain continuing to benefit from earnings growth. Overall, September confirmed the resilience of equity markets, although in a more selective environment. Fundamentals remain constructive; however, current valuations, higher interest rates, and concentrated positioning call for prudence and a greater focus on earnings quality and the ability of companies to generate attractive returns on invested capital. We continue to maintain a constructive stance on equities. At the same time, given the currently low level of implied volatility, we have started to purchase downside protection through options, allowing us to preserve market exposure while improving portfolio resilience against potential risk events.

Factsheet

Document Date of the document Download
Monthly report 16/10/2026 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 01/10/2026 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

Notice

Document Date of the document Download
Investor notice - Reduction of management fee and introduction of a performance fee 30/09/2026 PDF get_app
Risk level
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Rating
Morningstar star star star star star

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