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Main information

Fund name Leadersel Innotech ESG Class RH
Benchmark 10% ICE BofA Euro Treasury Bill Index; 90% MSCI World net TR Index.
Category International equity fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment policy

The Sub Fund Manager uses scientific and industrial analysis to identify companies developing innovative products and services that are more likely to disrupt a sector or change people habits and behaviors. Once identified, the Manager uses fundamental analysis to  select long and short investments mainly in equity; both equity securities and ETD or OTC derivatives (equity swap). The Fund integrates ESG (environmental, social, governance) criteria in the investment process, alongside financial criteria managed from a risk-return perspective. Material ESG issues are addressed and promoted through active ownership. A positive ESG screening is performed on individual instruments at the time of their acquisition. In addition, certain sectors, companies, products, or activities are restricted from the investment universe. In order to realize its investment strategy, the Fund will invest mainly in different classes of international transferable securities, mainly equities and derivatives on equities, and, on a residual basis, in bonds, money market instruments and other derivatives. In particular, the Fund will use listed derivatives (such as, for example, futures and options) and OTC derivatives (such as, for example, Contracts for Difference, Equity Swap or Total Return Swap) in order to realize the investment strategy of the Fund and to create long and short exposure. The underlying assets of the Total Return Swaps will mainly be equities. The Fund may also invest in ADR (American Depositary Receipts) or GDR (Global Depositary Receipt) on a tactical basis. Those ADR/GDR will not have derivative incorporated products. All bonds will be investment grade. In terms of geographical exposure, the Fund will invest mainly in developed markets (such as markets in countries belonging to the EU and the OECD).The balance may be invested in any instrument listed in the above paragraph, including emerging markets instruments. In such case, the Fund will invest only in securities listed on regulated markets. The Fund may hold cash, up to 10% of its net assets with the same credit institution and up to 20% with the Depositary Bank. The 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 Fund may not invest more than 20% of its net assets in equities issued by companies listed in Hong Kong and Mainland China, including H shares, A shares and B shares, taking into account the risks associated with such investments described in the “Fund Investment Objectives and Policy”chapter of the prospectus. The 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.

Investment object

This Fund is actively managed and seeks to grow capital and to generate income. The Fund has no reference Benchmark. The investment objective of this Fund is to achieve maximum capital appreciation commensurate with reasonable risk.

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 6759 99
  • Fax number: 00 352 47 67 70 37
  • Business hours: 9 a.m. to 6 p.m. CET
  • Languages: Inglese, 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 LU2232027487
Bloomberg LELIERE LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1.5% on an annual basis
Performance fee 20% calculated on the positive difference between the net return of the Fund and the index consisting of 10% ICE BofA Euro Treasury Bill Index and 90% MSCI World net TR Index in the reference year.
Minimum amount of the first subscription 2.500 eur
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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Benchmark - - - -
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Annual chart

Leadersel Innotech ESG performed very well in February, in particular thanks to the Digital macro-area.

Monthly comment from the manager

This progress has been fuelled by renewed momentum in the public cloud sector, which, having reached its nadir, is now in a phase of strong acceleration. The industry giants revealed in their latest quarterly reports that they had made it through the optimisation period, reporting an upswing in new workloads and cloud migration projects. These developments are optimistic indicators for the hardware and software markets, heralding expansion for both sectors.

The dynamism of artificial intelligence is gaining further momentum in terms of both investments and innovation of production. Nvidia's outstanding performance in the last quarter highlighted the impact of the transition to accelerated computation and the adoption of generative AI, which are driving an unprecedented expansion of the data centre and semiconductor market. Nvidia itself predicts a doubling of data centre infrastructure over the next five years, anticipating a radical move towards highly specialised facilities for accelerated computing, promising significant improvements in energy efficiency.

In an unprecedented scenario, data centres will take on the role of production centres for AI, in addition to their traditional computing and data storage functions. In the Healthtech sector, results were positive in February. Medtech is on the rise, with easing price pressure and increasing demand, as reported by companies and professionals. The resilience of prices, despite inflationary challenges, and the willingness of consumers to pay for innovation, mark a paradigm shift compared to the pre-pandemic world. Despite persistent difficulties in the Cleantech sector, the fund increased its investment in solar energy for the first time in many months.

Rising financing costs, delays in the delivery of equipment – especially transformers and switchgear – and long waits for interconnection caused significant delays in projects in the second half of 2023, adversely affecting the expected results for the first half of 2024. However, fourth quarter analysis and feedback point to a turning point in the first quarter of 2024, with expectations of a recovery in the second half of the year, marking a pivotal moment for the industry.

Offer documents

Document Date of the document Download
KID 01/03/2024 PDF get_app
KID SWI 13/01/2023 PDF get_app
Management rules 05/02/2019 PDF get_app
Prospectus 28/02/2024 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2023 PDF get_app
Semi annual report CH 30/06/2023 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2022 PDF get_app
Annual Report CH 31/12/2022 PDF get_app

ESG Policy

Document Date of the document Download
Responsible Investment Policy 18/07/2023 PDF get_app
Investors' Notice 30/06/2023 PDF get_app
Summary sheet 21/04/2021 PDF get_app

Sustainability related disclosure

Document Date of the document Download
Web Disclosure 23/01/2023 PDF get_app
Leadersel Innotech ESG - Pre-contractual disclosure information RTS 23/01/2023 PDF get_app
Leadersel Innotech ESG - RTS Periodic Disclosure 13/07/2023 PDF get_app
Fund manager
Sergio Allegri
Team Investimenti Tecnologia ESG
Marco Gennari
Team Investimenti Tecnologia ESG
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Rating
CFS Rating star star star star star

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