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Main information

Fund name Leadersel Emerging Market Multimanager
Category Emerging countries equity fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment policy

The Fund aims to maximise the invested capital. In order to achieve the above said aims the Fund invests mainly in Undertakings for Collective Investments in Transferable Securities (UCITS) and/or other Undertakings for Collective Investments (UCIs), with a policy of investing mainly in a widely diversified portfolio of shares from emerging countries. In order to achieve the above aims the Fund can use derivatives not only for hedging purposes. The Fund's investment decisions are made on a discretionary basis. Any income received by the Fund is reinvested. The Fund's value is calculated and expressed in Euros. The investor can buy or sell shares of the Fund on a weekly basis, each Friday, or next full banking day.

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 LU0229830756
Bloomberg ESGEMKT LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1,5% on an annual basis
Performance fee Calculated quarterly on 20% of the positive difference between the net return of the Fund and its reference index: 5% Merrill Lynch Euro Government Bill Index and 95% MSCI Emerging Market Index.
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions 250 euro

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

Summary table

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Benchmark - - - -
1 year 3 years 5 years 10 years
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Annual chart

In January, emerging equity markets delivered a broadly positive performance, significantly outperforming developed markets, in line with the trend observed at the end of last year.

Monthly comment from the manager

Performance was once again driven by markets with greater exposure to the technology and semiconductor sectors, notably Taiwan and Korea, which posted exceptional gains of close to +10% and +27%, respectively. More broadly, the entire emerging markets universe benefited from a weaker US dollar and rising commodity prices. Chinese equities also rebounded after three consecutive months of declines, although the recovery remained relatively modest (+3.5% in euro terms), reflecting still-fragile domestic consumption and pointing to the need for further policy support from the authorities.

Against this backdrop, Leadersel Emerging Market Multimanager closed the month with a positive return, albeit underperforming its benchmark. The approximately one percentage point relative underperformance was mainly driven by Asia, where the selected managers maintain a pronounced underweight in the Taiwanese market, deemed to be overvalued, while exposure to the Chinese internet sector, held via ETFs, detracted from performance despite still-attractive valuations.

During the month, relative risk to Taiwan was partially reduced through selective purchases, while overall market exposure was increased in order to bring the portfolio beta closer to one, consistent with a constructive view on the region. Exposure to China was also increased, supported by attractive valuations, resilient exports and the potential easing of trade tensions ahead of the US midterm elections. Overall, the Fund maintains a preference for value strategies and a bottom-up approach focused on fundamentals and on selecting companies less exposed to trade tensions, an approach we believe is well suited to the current environment of elevated uncertainty.

Factsheet

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

Offer documents

Document Date of the document Download
KID 03/03/2025 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

Notice

Document Date of the document Download
Notice to unitholders 16/05/2024 PDF get_app
Leadersel Emerging Market Multimanger change of investment manager 09/11/2023 PDF get_app
Fund manager
Corrado Ciavattini
Responsabile Area Multimanager
Management team
Management team
Risk level
  • 1
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  • 7
Rating
Morningstar star star star star star
CFS Rating star star star star star

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