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

Annual chart

In June 2026, emerging equity markets delivered moderately positive returns, once again driven by technology stocks in South Korea and Taiwan, as well as by the easing of geopolitical tensions in the Middle East and the resulting decline in oil prices to below USD 100 per barrel.

Monthly comment from the manager

Lower energy prices provided a welcome boost to Asian net oil importers, particularly India, where the Sensex Index gained more than 2%, while South Korean technology stocks also benefited from substantial government investment plans focused on AI infrastructure and semiconductors. By contrast, Chinese equities continued to be weighed down by weak domestic consumption, while Latin American markets, including Brazil's Bovespa Index, came under pressure from declining commodity and oil prices. Against this backdrop, Leadersel Emerging Market Multimanager ended the month with a broadly flat performance, in line with its benchmark.

During the period, we continued to reduce the portfolio's relative risk by increasing the allocation to passive instruments at the expense of active strategies. This decision reflects the persistent concentration of market returns in a small number of large-cap technology stocks, which continues to make alpha generation increasingly challenging for active managers. This approach enabled the Fund to deliver a monthly performance in line with the benchmark, despite returns once again being driven almost exclusively by the artificial intelligence theme, with South Korea and Taiwan among the strongest contributors owing to their significant exposure to the semiconductor supply chain.

As noted in last month's commentary, this reduction in relative risk is not intended to chase the benchmark's growing concentration in a single investment theme and a handful of stocks, but rather to contain portfolio relative risk at a time when market momentum remains particularly strong. As for the active allocation, although its weight has been reduced, the Fund continues to favour value-oriented strategies and a bottom-up investment approach based on the fundamental analysis of individual companies. We believe this remains the most effective way to capture the long-term growth potential offered by emerging markets in a disciplined and sustainable manner.

Factsheet

Document Date of the document Download
Monthly report 12/06/2026 PDF get_app

Offer documents

Document Date of the document Download
KID 02/03/2026 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

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
  • 2
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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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