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Main information

Fund name Leadersel Equity World Class I
Benchmark MSCI Limited (MSCI World Index)
Category International equity fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment object

The investment objective of this Sub-Fund is to achieve long term capital growth mainly through investment in a portfolio of securities of listed companies selected using fundamental analysis based on economic and financial factors. To find, research and select such companies the Investment Manager applies fundamental analysis and strict quality criteria including but not limited to high levels of return on capital, strong self-financing capability, and sustainable profit margins.

Investment policy

This Sub-Fund mainly invests in shares and similar securities with a focus on listed large caps in developed countries. The Sub-Fund may also invest in ADR (American Depositary Receipts) or GDR (Global Depositary Receipt). Those ADR/GDR will not have derivative incorporated products. The Sub-Fund may invest up to 20% of its total net assets in shares and similar securities of companies listed in Emerging Markets; in such case, the Sub-Fund will invest only in securities listed on regulated markets.

Up to 10% of the portfolio may be invested in bonds. All bonds will be investment grade (the “Minimum Rating”); the Manager will sell within three (3) months, and in the best interest of the Unitholders, any securities that are downgraded below the Minimum Rating.

For temporarily liquidity management, the Sub-Fund may invest, on a residual basis, in money market instruments with duration of less than twelve (12) months.
The Sub-Fund may hold cash, on a residual basis, i.e up to 20% of its total net assets, except under exceptionally unfavourable conditions and on a temporary basis.

The Sub-Fund may invest up to ten per cent (10%) of its net assets in UCITS or other UCI as referred to in art. 41, section 1, of the Law of 2010.

The Sub-Fund may use financial techniques and instruments in order to promote an efficient portfolio management, in accordance with the restrictions set forth in the “Financial techniques and instruments” chapter of the prospectus. The Sub-Fund will use only SFT as set forth in the section headed "Use of SFT" below.

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:00.352.47.67.59.99
  • Faxnumber:00.352.47.67.70.37
  • Business hours: 9 a.m. to 6 p.m. CET
  • Languages: English, 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 LU2808282466
Bloomberg LEWOIEC LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1%
Performance fee Calculated on an annual basis on a maximum rate of 20% of the positive difference between the Fund's net return and its benchmark index.
Minimum amount of the first subscription 125.000 euro
Minimum amount of subsequent subscriptions None

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

The month was marked by moderate equity market volatility, driven primarily by ongoing uncertainty around inflation, economic growth and interest rates.

Monthly comment from the manager

For a European investor, however, US dollar strength more than offset weakness across major global indices, allowing the Fund to deliver a positive return while remaining close to all-time highs. Market performance continued to be highly uneven, with elevated dispersion between winners and losers. Technology remained the key driver of returns, supported by increasingly tangible evidence of AI adoption and monetisation. We believe it is particularly noteworthy that software companies, hyperscalers and semiconductor businesses continued to perform well simultaneously, reflecting growing investor confidence in the economic returns being generated across the AI value chain.

Despite a higher-rate environment, earnings revisions for high-quality businesses remain constructive. Over recent months, earnings growth has partially offset valuation compression across equity markets, while the most negative effects of higher rates have been concentrated in more leveraged sectors with weaker cash-generation profiles. By contrast, many of today's earnings leaders benefit from strong balance sheets, net cash positions and limited refinancing requirements. From a portfolio perspective, we selectively reduced our exposure to European banks following their strong outperformance over recent quarters, while maintaining an overall overweight position.

We completed our exit from Netflix and redeployed capital into Meta and Mastercard. In both cases, we continue to see an attractive risk-reward profile supported by durable growth prospects, strong cash generation and valuations that, in our view, do not yet fully reflect their long-term value creation potential. We also initiated a position in Take-Two Interactive, where we believe current expectations fail to capture the full earnings potential associated with the launch of GTA VI, creating scope for meaningful positive earnings revisions over time.

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
Fund manager
Paolo Baretto
Paolo Baretto
Team Investimenti Lussemburgo
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
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