close
share

Main information

Fund name Globersel Equity Value Class A - Metropolis
Benchmark 100% MSCI World Index
Category International Equity Fund
Legal structure Luxembourg umbrella mutual fund
Currency Euro

Investment object

The main objective of the sub-fund is the appreciation of the capital value over a long period of time (approximately 5 years) with a high level of risk.

Investment policy

The sub-fund invests in shares of companies selected according to high quality criteria, undervalued by the market in relation to their ability to generate income streams in the future, according to a value approach. Investments are concentrated in a limited portfolio (15-25 securities), with low turnover, around 5 years.

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 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 LU2018618616
Bloomberg GLBEVMA 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 Sub-Fund and the MSCI World Index in the reference calendar year (Reference Period).
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

The month of October closed with negative performance for most global stock markets, under the weight of uncertainty surrounding the US elections and the rise in government bond yields on both sides of the Atlantic (the US 10-year widens by 50bps and the German one by 30bps).

Monthly comment from the manager

Partial profit-taking on US markets (S&P -1%) while Europe and Emerging Markets were heavily impacted (-3%). Japan was positive (+2%) due to a very pronounced currency decline (-6%). Within the markets, there is no clear dynamic in terms of styles and factors, with uncertain positioning in view of the outcome of the US elections.

In the more cyclical areas, for example, there is a certain dispersion, with good performance of Oil, Construction and Financials (the latter in particular supported by solid quarterly results as well as the possibility of a Trump victory) which are offset by a clear weakness in autos and other manufacturing/industrial sectors, also due to the rise in industrial and energy commodities. Agricultural commodities are falling. In general, direct and indirect exposures to the Chinese economy, especially on the consumer front, are the most penalized.

Comments during the quarterly results indicate that consumer confidence is still very low, and manufacturing sectors are struggling to recover. Overall, the reporting season has been more than satisfactory so far, with positive surprises such as to bring earnings growth close to 10%. The fund recorded a negative absolute performance, in line with its benchmark over the period. The sector allocation provided a positive contribution balanced by negative stock selection and currency. No new movements to report.

Offer documents

Document Date of the document Download
PRIIPS KID 01/03/2024 PDF get_app
KIID (UK INVESTORS) 01/01/2023 PDF get_app
Management rules 05/02/2019 PDF get_app
Prospectus 08/01/2024 PDF get_app
Addendum to the Prospectus for Investors in the UK 01/07/2022 PDF get_app
Annual reporting requirements 31/12/2022 PDF get_app

Semi-annual reports

Document Date of the document Download
Semi annual report 30/06/2024 PDF get_app

Annual reports

Document Date of the document Download
Annual report 31/12/2023 PDF get_app
Annual Report CH 31/12/2021 PDF get_app
Annual Report DE 31/12/2021 PDF get_app
Fund manager
Metropolis Capital Limited
Gestore in delega
Risk level
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
Rating
Morningstar star star star star star
CFS Rating star star star star star

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.