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Main information

Fund name Globersel Equity Value Class B - 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 LU2018618707
Bloomberg GLBEVMB LX

Charges

Entry charge None
Exit charge None
Maximum management fees 1% on an annual basis
Performance fee 10% 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 500.000 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

The month of February saw a marked divergence among global stock markets.

Monthly comment from the manager

The United States experienced a correction, with the S&P 500 declining by -1.4% and the Nasdaq losing -4.0%, penalized by weakness in the technology sector and rotation toward defensive stocks. In contrast, Europe showed good resilience, with the Stoxx 600 rising +3.3% and the FTSE 100 at +1.6%, benefiting from strength in the financial and industrial sectors. Asia was the major protagonist of the month: the Hang Seng recorded an impressive +13.4%, supported by signs of economic stabilization in China and new stimulus measures.

Japan, however, underperformed, with the Topix falling -3.8%, penalized by the appreciation of the yen (-2.9% vs USD) and weakness in the export sector. On the bond front, there was a strong rally in government securities, with yields declining markedly. The 10-year Treasury saw a tightening of -33bps, while TIPS gained ground with a -27bps drop in yields, signaling greater investor preference for safe assets. A similar dynamic was also recorded in Europe, with the German Bund seeing yields fall by -5bps.

Commodities experienced a mixed month: oil lost -3.8%, reflecting concerns about global growth, while gold rose +2.1%. At the factor level, there was a return to value and low volatility, while the growth segment was penalized (-2.9%). Weakness particularly affected small caps (-3.4%), while large caps showed greater resilience (-0.7%). The fund recorded a negative absolute performance but outperformed its benchmark during the period. Both sector allocation and stock selection provided positive contributions, mainly due to Comcast and Booking. No new movements were made.

Factsheet

Document Date of the document Download
Monthly report 24/02/2025 PDF get_app

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Document Date of the document Download
KID 03/03/2025 PDF get_app