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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

1 year 3 years 5 years 10 years
Fund - - - -
Benchmark - - - -
1 year 3 years 5 years 10 years
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Benchmark - - - -
1 year 3 years 5 years 10 years
Fund - - - -
Benchmark - - - -

Annual chart

In August, emerging equity markets delivered positive returns, recovering part of the previous month’s losses on the back of solid corporate earnings, resilient global macroeconomic conditions and a weaker US dollar.

Monthly comment from the manager

Asian technology stocks once again provided the main contribution to performance, supported by renewed momentum around artificial intelligence and semiconductors. Taiwan was among the strongest-performing markets, as was South Korea, where Samsung Electronics and SK Hynix announced measures aimed at increasing shareholder returns. China, by contrast, was weaker, as economic activity data continued to point to persistent softness in domestic demand, tempering the optimism seen in the previous month.

Outside Asia, Brazil posted a negative return, as support from higher commodity prices and resource-related stocks was offset by rising fiscal and electoral uncertainty, as well as weaker foreign capital flows. Against this backdrop, Leadersel Emerging Market Multimanager ended the month with a positive return, while underperforming its benchmark. The renewed momentum in technology stocks, particularly among the main beneficiaries of rising demand linked to artificial intelligence, once again highlighted the high degree of concentration that currently characterises the emerging equity market universe.

While the sharp correction in these stocks in July had relatively favoured more diversified portfolios, their rapid rebound in August had the opposite effect, weighing on the relative performance of the active managers held in the Fund, which are generally less concentrated in the largest index constituents and place greater emphasis on valuation discipline. The passive allocation, which had been increased in recent months specifically to help contain relative risk versus the benchmark, helped mitigate this effect.

Nevertheless, we continue to maintain a strategic preference for active management, particularly value-oriented strategies and bottom-up stock selection processes grounded in the fundamental analysis of individual companies. We believe that, beyond short-term market dynamics, this approach offers the best opportunity to capture the long-term growth potential of emerging markets in a disciplined and sustainable manner.

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

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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  • 4
  • 5
  • 6
  • 7
Rating
Morningstar star star star star star
CFS Rating star star star star star

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