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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 Max 2% 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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1 year 3 years 5 years 10 years
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Annual chart

The month of November was negative for emerging equity markets, which were penalized by the uncertainty affecting technology stocks globally and by doubts surrounding the Federal Reserve’s next moves.

Monthly comment from the manager

In particular, the indices of Korea and Taiwan - both heavily exposed to the technology sector - pulled back after the strong gains of previous months, contributing to the decline of the global emerging markets index, which fell by more than 2% in U.S. dollar terms and underperformed developed markets, which remained broadly stable. Conversely, the Latin American region posted a positive performance, thanks largely to the strong results of the Brazilian market, supported by expectations of slowing inflation that could allow the country’s central bank to adopt a more accommodative stance over the coming year.

In this environment, Leadersel Emerging Market Multimanager ended the month with a negative performance, but one that exceeded its benchmark. From a relative perspective, the main contribution came from the overweight in the Brazilian market, achieved both through a direct exposure via a dedicated ETF and through the selection of certain target managers with a significant allocation to this market. In terms of positioning, overall market exposure was reduced during the period by closing a futures position on the MSCI EM index.

The objective is to maintain a more contained risk profile amid rising volatility, in order to take advantage of potential market declines and gradually rebuild the position, in line with our still constructive strategic view on emerging equities. More broadly, the Fund maintains a preference for value-oriented strategies and bottom-up managers, focused on fundamentals and capable of selecting stocks that are less sensitive to trade tensions, an approach we believe will be advantageous in a context of heightened uncertainty.

Factsheet

Document Date of the document Download
Monthly report 21/11/2025 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 15/04/2025 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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