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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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Annual chart

Equity markets ended December with an overall constructive tone, underpinned by a solid performance from European equities.

Monthly comment from the manager

The region benefited in particular from strength in financial stocks and commodities-related segments. In contrast, U.S. equities showed limited price directionality during the period, failing to deliver the seasonal uplift that typically supports equities toward year-end. At the sector level, cyclical sectors continued to lead, with financials and industrials outperforming against a backdrop of macroeconomic conditions that remain broadly supportive. Defensive areas, including healthcare and consumer staples, underperformed, showing persistent signs of relative weakness throughout the period.

From a factor perspective, December favored Momentum strategies, supported by renewed investor interest in artificial intelligence, related themes. At the same time, markets became more selective, increasingly distinguishing between companies seen as beneficiaries of the theme and those viewed less favorably. Portfolio activity during the month included rebalancing actions aimed at managing active risk exposure, as well as the initiation of two new holdings: Booking Holdings and Howmet Aerospace.

Both investments are supported by solid fundamental profiles and favorable growth trajectories, with the potential to translate revenue expansion into improving profitability. December also marked the conclusion of 2025, a year that proved positive for global equity markets overall, albeit marked by a highly uneven growth path and pronounced dispersion, which negatively impacted the performance of certain investment strategies. Among these, quality- and long-term, oriented approaches, including our global strategy, were particularly affected due to lower exposure to more aggressive, momentum-driven or high-beta segments areas capable of delivering strong short-term returns, but associated with elevated uncertainty and risk over longer investment horizons.

There is no evidence of deterioration in the fundamentals or outlook of the companies held in the portfolio. On the contrary, portfolio holdings continue to exhibit improving growth, profitability, and financial strength over the course of the year, with metrics that remain superior to benchmark averages. Accordingly, we remain confident that a disciplined quality-growth investment approach represents an effective framework for generating superior and sustainable returns over the medium to long term.

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

Annual reports

Document Date of the document Download
Annual report 31/12/2024 PDF get_app
Fund manager
Paolo Baretto
Paolo Baretto
Team Investimenti Lussemburgo
Risk level
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