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Main information

Fund name Leadersel Global Equity Walter Scott & Partners Class R
Benchmark 100% MSCI World Index (NDDUWI)
Category International equity fund
Legal structure Mutual Fund under Luxembourg Law with multiple Sub-funds
Currency Euro

Investment object

The investment objective of the Sub-Fund is to achieve long-term capital appreciation through investments primarily in a diversified portfolio of equity and equity-related securities issued by companies worldwide.

Investment policy

This Sub-Fund will invest mainly (i.e. at least 75% of its net asset value) in equities and equity-related instruments across all market capitalisations and sectors, without any predetermined regional allocation. The portfolio will, however, typically exhibit a bias towards high-quality mid- and largecapitalisation
companies, and may have a significant exposure to the US equity market.

The Sub-Fund may invest in ordinary and preferred shares, convertible preferred shares, American Depositary Receipts (ADR), and Global Depositary Receipts (GDR), provided that such ADR/GDR do not embed derivative instruments. On an ancillary basis, and primarily when received as a result of corporate actions, the Sub-Fund may hold equity warrants or subscription rights up to a maximum of 10% of its net assets.

The Sub-Fund may invest up to 20% of its net assets in securities issued by companies located in Emerging Markets, provided these securities are admitted to trading on regulated markets.

On a residual basis, the Sub-Fund may invest in bonds and money market instruments with a remaining maturity of less than twelve (12) months for liquidity management or defensive purposes. All bonds shall be of investment grade quality (the “Minimum Rating”). The Sub-Fund may hold ancillary liquid assets on a residual basis up to 20% of its net assets; ancillary liquid assets should be limited to bank deposits at sight — e.g., cash or current account balances that are immediately accessible.

The Sub-Fund may invest up to 10% of its net assets in UCITS or other UCIs as defined under Article 41(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.

ESG, environment, society, governance

The investment process integrates environmental, social and governance factors. The fund monitors the ESG (Environmental, Social and Governance) profile of the investments and can take a position on issues that could have a negative impact on the matter.

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 LU3300146522
Bloomberg GLBREQU LX

Charges

Entry charge None
Exit charge None
Maximum management fees Max 1.75% on an annual basis
Performance fee Calculated quarterly on 20% of the positive difference between the net return of the Fund and its reference index.
Minimum amount of the first subscription 2.500 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

July was a month of apparent calm in financial markets: the MSCI World Index, measured in euro terms, advanced by less than half a percentage point, which might suggest a rather uneventful and lackluster period.

Manager's comment of the month

In reality, however, this performance was the result of very pronounced fluctuations in some of the stocks included in the index. Suffice it to consider Micron's -29% decline and Microsoft's +23% gain, movements that would appear even more significant if we looked at the highest and lowest levels reached by the two stocks during the period. The main topic driving market attention, and the root cause of these swings, remained investment in the development of Artificial Intelligence.

The market rewarded companies that were able to keep spending under control and preserve profitability, while severely penalizing those that demonstrated less discipline or, as in Micron's case, could be negatively affected by future reductions in capital expenditure. From a sector perspective, the fund's largest exposure is precisely to technology. This component of the portfolio is well balanced internally and was only marginally affected by the period of heightened volatility. Among the strongest contributors were Cognizant and the aforementioned Microsoft, while ASML and Taiwan Semiconductor ranked among the weakest performers.

Both companies are involved in the semiconductor manufacturing process and have therefore been treated with some caution by investors following a prolonged period of strong appreciation. Beyond its technology investments, the portfolio's broad sector diversification should allow it to participate effectively in market dynamics such as those observed in July, characterized by a more broad-based market advance and a larger number of contributors than in the recent past. Exposures to consumer discretionary, financials, and pharmaceuticals offer highly attractive upside opportunities driven by sector-specific dynamics.

At the same time, they help mitigate the risk of a correction should the enthusiasm surrounding the Artificial Intelligence theme, which characterized the first half of the year, begin to fade.

Offer documents

Document Date of the document Download
Management rules 25/01/2013 PDF get_app
Prospectus 06/05/2026 PDF get_app
KID 16/07/2026 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

Notice

Document Date of the document Download
Notice Globersel Global Equity - Walter Scott TO Leadersel Global Equity 03/06/2026 PDF get_app

Sustainability related disclosures – Article 8

Document Date of the document Download
Web disclosure 01/04/2026 PDF get_app
Leadersel Walter Scott - Pre-contractual disclosure information RTS 06/05/2026 PDF get_app
Fund manager
Walter Scott & Partners Ltd
Walter Scott & Partners Ltd
Gestore in delega
Risk level
  • 1
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