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

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

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

September saw global equity markets decline by around one percentage point when measured in US dollars.

Manager's comment of the month

Only the strengthening of the US currency pushed returns into positive territory for European investors, with the MSCI World Index gaining just over 1.2% in euro terms, thanks to the currency effect. These relatively modest market movements, however, mask more significant developments, particularly in fixed income markets. Government bond indices in both Europe and the United States recorded losses of more than 2%, as a result of the increase in yields demanded by investors. So far, there has been no spillover from bond markets into equities, but this is a risk that will need to be monitored closely over the coming weeks.

In any event, the investment strategy adopted for the fund provides a degree of protection against such a scenario, thanks to the selection of companies with low levels of debt and strong cash flow generation. These characteristics reduce their reliance on bank or bond financing and therefore significantly limit the potential negative impact of rising interest rates. Looking more closely at portfolio performance, as has often been the case in recent months, the strongest contribution to returns came from the technology sector.

Semiconductor companies were particularly notable, with TSMC gaining more than 12%, while Amphenol, ASML and Texas Instruments posted increases of close to 10%. Software-related stocks, by contrast, remained weak, particularly those potentially exposed to the risk of competition from Artificial Intelligence. Among these, Intuit fell by more than 21%, while Adobe lost approximately 16%. There were also no signs of improvement in the consumer sector, with both consumer discretionary and consumer staples contributing negatively to monthly performance. Among the weakest stocks were LVMH in Europe and Booking Holdings in the United States.

Factsheet

Document Date of the document Download
FACTSHEET 10/09/2026 PDF get_app

Offer documents

Document Date of the document Download
Management rules 25/01/2013 PDF get_app
Prospectus 01/10/2026 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
  • 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.


Ersel