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Main information

Fund name Leadersel Equity World Class IH
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 LU2892988788
Bloomberg LEWOIHE 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 500.000 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

In January, major equity markets delivered broad-based gains in local currency terms, confirming a constructive global sentiment and extending the dynamics observed in the final months of 2025.

Monthly comment from the manager

When viewed in euro terms, however, performance dispersion across regions remained more pronounced, with the United States ranking among the less robust areas. A similar continuity with late 2025 trends was evident also from a thematic perspective. Solid U.S. macroeconomic data continued to support more cyclical segments and small caps, while geopolitical developments sustained exposure to defense-related industries, as well as the energy and materials sectors. The AI theme remained particularly strong, as also highlighted by the early results of the quarterly earnings season.

The theme continued to exhibit high dispersion, with the most significant momentum concentrated in those companies able to demonstrate accelerating growth and deliver sizeable positive surprises: in the current environment, merely beating expectations is not sufficient to signal meaningful business progress, guidance must also exceed forecasts by a wide margin. Certain highly cyclical semiconductor exposures, particularly those linked to both physical and virtual memory, benefited from this dynamic.

Conversely, companies reporting very solid but largely anticipated results, or those signaling a normalization in growth rates after exceptionally strong quarters, were penalized toward the end of the month, as the market maintained a strong focus on identifying clear “winners” and “losers.” This has kept the narrative around the software sector relatively challenging: despite high-quality fundamentals and sustained business growth confirmed during the early reporting season, the segment continues to suffer from what appears to be an overestimation of the risks and potential negative implications associated with large scale AI adoption.

During the month, several portfolio adjustments were carried out with the objective of trimming positions that had already contributed meaningfully and offered more limited prospective upside, as well as reducing exposures deemed relatively riskier. The proceeds were used to broaden and diversify the portfolio’s semiconductor allocation through two new positions, ASML and Applied Materials, as well as an additional investment in Ryanair.

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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