close
share

Main information

Fund name Leadersel PMI HD Class B
Category Flexible fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment policy

The Fund aims to increase the value of its portfolio through the investment in equities denominated in Euro, issued by low, medium and high cap Italian issuers. It may use financial derivative instruments to promote a more efficient portfolio management.The Fund is not intended to reproduce the composition of the benchmark and can deviate significantly from the benchmark. Income generated by the Fund is reinvested and included in the value of shares. The Fund's value is calculated and expressed in Euros. Investors can buy or sell shares of the Fund on a daily basis.

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 5999
  • 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 LU1132340321
Bloomberg GPMIHDB:LX

Charges

Entry charge None
Exit charge None
Maximum management fees Max 1.75% on an annual basis
Performance fee 15% of the positive difference between the net return of the Fund and 2% with a maximum of 1.5% of the average net asset value during the period.
Minimum amount of the first subscription 2.500 euro
Minimum amount of subsequent subscriptions 250 euro

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

In July, the Italian equity market moved sideways, driven both by developments related to the conflict between Iran and the United States and by the start of the earnings reporting season.

Monthly comment from the manager

With regard to developments in the Middle East, significant uncertainty remains, particularly concerning the management of the Strait of Hormuz, with the resulting volatility in oil prices. The reporting season has so far started on a positive note, with particularly strong results from financial institutions and banks such as Intesa Sanpaolo and UniCredit. STM and Prysmian also reported solid results, although the very high expectations led to some profit-taking on these stocks. The automotive sector continued to face challenges, with Brembo being the only company showing resilient results and attractive prospects.

Among mid and small caps, we highlight the strong performance of Reply, which is recovering after a difficult first quarter. Consequently, the best-performing sectors were financials (banks and insurance companies), together with oil and gas companies, supported by Eni’s strong half-year results, while semiconductors and the automotive sector lagged behind. From a sector allocation perspective, we reduced our exposure to utilities while maintaining our positions in the banking and insurance sectors. Among our preferred holdings are Monte dei Paschi di Siena and Unipol.

We increased the portfolio’s invested portion to 100% and raised the allocation to mid and small caps to approximately 61%. In particular, we purchased Reply and Intercos, while selling Iren, Acea and Ariston. Among the most significant positions within the small-cap segment are SOL, Danieli Risparmio, Mondadori and Philogen. Finally, we participated in the placement of Gens Aurea. In this context, the dynamic hedging strategy did not generate any hedging signals and resulted in full market exposure throughout the month.

Factsheet

Document Date of the document Download
Monthly report 12/08/2026 PDF get_app

Offer documents

Document Date of the document Download
KID 02/03/2026 PDF get_app
Management rules 25/01/2013 PDF get_app
Prospectus 06/05/2026 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 of merger of Globersel Alkimis Equity Alpha into Leadersel PMI HD 06/10/2025 PDF get_app
Fund manager
Marco Nascimbene
Team Investimenti Equity Italia
Carlo De Vanna
Team Investimenti Equity Italia

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