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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

May ended on a decidedly positive note for global equity markets, which extended the recovery that began in the second half of the previous month.

Monthly comment from the manager

Investor sentiment was supported by a gradual easing of geopolitical tensions in the Middle East and by a very strong first-quarter earnings season, which significantly exceeded consensus expectations both in terms of reported earnings and upward revisions to outlooks for the remainder of 2026. In the United States, major indices such as the S&P 500 and Nasdaq also reached new all-time highs. Once again, the common denominator has been these markets’ significant exposure to spending on AI infrastructure development, which remains the primary driver of positive earnings revisions and, consequently, market performance.

A gradual easing of tensions in the Middle East and the increasing likelihood of the reopening of the Strait of Hormuz also provided support toward the end of the month to sectors more exposed to commodity prices and, more broadly, to interest rates and inflation dynamics, although to a lesser extent than the dominant contribution from AI-related exposures. These AI-driven opportunities have broadened rapidly, leading to returns well above the market average, particularly among smaller companies where positive earnings revisions have significantly exceeded expectations from a lower earnings base.

Portfolio activity over the recent period has been substantial, reflecting repositioning across numerous sectors. Within the AI theme, AMD and Arm were added during the month, while exposure to NVIDIA was reduced in light of the expected structural increase in the CPU-to-GPU ratio within data centers over the coming years. Infineon was also added due to its exposure to data center energy-efficiency optimization. Within the AI segment, exposure to the memory-related theme was reduced. In an effort to further diversify from the AI theme, the following positions were added: Compass Group and McDonald’s.

Exposure to the banking sector was increased, particularly among U.S. banks with greater leverage to M&A activity and IPO issuance, such as Goldman Sachs and Morgan Stanley. Within financials, Interactive Brokers was also added. The company operates an electronic brokerage platform and continues to demonstrate solid user growth alongside increasing expectations for trading volumes. Among the full position exits during the month were Inditex, Bank of America, and Berkshire Hathaway, reflecting their more limited forward-looking return potential compared with other companies operating within the same sectors.

Factsheet

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