close
since 1936
Wealth Management
Ersel in brief
Our history
Group companies
Facts and figures
Our foundations
Sustainability
share

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

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 April, global equity markets recorded a strong rally, supported by early signs of easing tensions in the Gulf, allowing for a full recovery of the losses observed in the previous month.

Monthly comment from the manager

In the United States, performance was underpinned by a resilient macroeconomic backdrop, alongside renewed interest in the technology sector, including selected Mag7 names, and the continued advancement of long-standing AI-related trends. The outlook in Europe remains more uncertain, given the region’s higher exposure to geopolitical and energy-related developments. Nevertheless, European equity markets also posted a solid recovery, albeit still lagging other major global regions.

Toward the end of the month, the earnings season brought investor focus back to corporate fundamentals, with results broadly coming in solid. Earnings from hyperscalers, more positive for Alphabet and Amazon, more mixed for Meta and Microsoft, confirmed the strength of the AI theme, with ongoing improvements in monetization and return on invested capital. Capex by these companies, which continues to increase and remains not fully priced in, has disproportionately benefited semiconductors and industrial companies exposed to the theme.

Throughout the month, several portfolio adjustments were implemented to take advantage of the evolving dynamics driven first by the conflict and subsequently by the earnings season. In the early part of the month, exposures that had benefited from the uncertain geopolitical backdrop, such as Exxon, BP and Shell, were reduced following initial signs of de-escalation, while positions that had been penalized in the prior period despite solid fundamentals were increased, including both European and U.S. banks. In the latter part of the month, as uncertainty around the trajectory of the conflict re-emerged, positioning shifted toward structurally stronger themes such as AI-related capex.

Exposure was increased to names such as TSMC, Quanta Services, Micron, Texas Instruments and Amazon, alongside new positions in Lumentum and Coherent. At the same time, exposure to sectors more sensitive to elevated energy prices was reduced, including aerospace (GE, Safran, Rolls-Royce, Airbus) and selected consumer names such as L’Oréal. Finally, ahead of the earnings season, certain positions with limited catalysts and lower upside were reduced, including Microsoft, Nvidia and Union Pacific, while the position in SAP was fully exited in light of potential risks to its business model that could lead to negative revisions.

Factsheet

Document Date of the document Download
Monthly report 15/04/2026 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 06/05/2026 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 31/12/2025 PDF get_app
Fund manager
Paolo Baretto
Paolo Baretto
Team Investimenti Lussemburgo
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
© Ersel Banca Privata - P.Iva 11894590154

RISPARMIO ENERGETICO ATTIVO

Questa schermata consente al tuo monitor di consumare meno energia quando il computer resta inattivo.

Clicca in qualsiasi parte dello schermo per riprendere la navigazione.