Co| investors

With experience, professionalism and total dedication, we invest our clients’ savings as well as our own, in quality companies led by honest and capable business people, enabling us to increase our purchasing power over time.

Another key part of our mission is the desire, through our work, to give back to society what we have so generously been given.

Investment Philosophy

We devote all our time and energy to finding and analysing high-quality companies. We invest in good businesses that offer sustainable competitive advantages over time, high Returns on Capital Employed (ROCE), are led by a strong management team that oversees its shareholders’ interests and whose intrinsic value is not reflected in their share price.

We seek to make the most of short-term inefficiencies between price and value, aiming to maximise the return on our investment in the long term, minimising permanent losses to the greatest possible extent.

When we invest, we do so rationally, without letting emotion lead the way. We always apply the “Value Investing” philosophy, whereby time works in our favour and patience is a key factor.

Patience means more than the ability to wait.

It means knowing what to do while you wait. A well-managed investment is a marathon, not a sprint. Driven by conviction and perseverance. With the stamina to perform over the long term. With level heads that mark us out from the rest, our value investing approach refuses to deviate when faced with the ups and downs that are inevitable on the path to profit. The reward lies in knowing and demonstrating that the results of an investment are gathered in time.

Our funds.

Investment funds
Azvalor Internacional FI
Performance
115.5% Since inception
9.7% Annualized
-8.0% YTD
9.8% 2023
45.8% 2022
38.7% 2021
-6.4% 2020
5.5% 2019
-10.5% 2018
3.3% 2017
20.3% 2016
Net asset value
215.5€ A 22/02/2024
Azvalor Iberia FI
Performance
39.6% Since inception
4.1% Annualized
-3.1% YTD
23.9% 2023
19.3% 2022
11.3% 2021
-24.0% 2020
1.9% 2019
-16.8% 2018
19.0% 2017
15.6% 2016
Net asset value
139.6€ A 22/02/2024
Azvalor Blue Chips FI
Performance
76.7% Since inception
8.4% Annualized
-8.5% YTD
10.5% 2023
31.4% 2022
37.1% 2021
-2.0% 2020
2.4% 2019
-8.9% 2018
6.1% 2017
Net asset value
176.7€ A 22/02/2024
Azvalor Managers FI
Performance
49.6% Since inception
7.9% Annualized
-1.3% YTD
15.5% 2023
0.5% 2022
47.2% 2021
-14.7% 2020
9.5% 2019
-5.1% 2018
Net asset value
149.6€ A 21/02/2024
Azvalor Capital FI
Performance
-1.3% Since inception
-0.2% Annualized
-0.7% YTD
4.3% 2023
2.4% 2022
4.2% 2021
-3.5% 2020
-1.4% 2019
-4.6% 2018
-2.1% 2017
1.4% 2016
Net asset value
98.7€ A 22/02/2024
Pension funds
Sicav Española
Azvalor Value Selection SICAV
Performance
586.1% Since inception
-0.2% Annualized
-9.1% YTD
8.8% 2023
41.5% 2022
30.1% 2021
2.8% 2019
4.2% 2017
5.8% 2016
Net asset value
65.3€ AS OF 22/02/2024
Sicav Luxemburguesa
Azvalor International Luxembourg I
Performance
75.6% Since inception
-0.2% Annualized
-8.8% YTD
9.8% 2023
34.5% 2022
32.3% 2021
0.9% 2019
4.9% 2017
21.3% 2016
Net asset value
1,756.1€ AS OF 22/02/2024
Azvalor International Luxembourg R
Performance
69.5% Since inception
-0.2% Annualized
-8.8% YTD
9.8% 2023
33.9% 2022
31.8% 2021
0.5% 2019
4.4% 2017
20.8% 2016
Net asset value
169.5€ AS OF 22/02/2024
Azvalor Managers Luxembourg I
Performance
55.3% Since inception
-0.2% Annualized
-1.5% YTD
15.5% 2023
46.8% 2021
Net asset value
15.5€ AS OF 22/02/2024
Azvalor Blue Chips Luxembourg I
Performance
60.0% Since inception
-0.2% Annualized
-8.5% YTD
9.8% 2023
31.8% 2022
35.2% 2021
Net asset value
1,599.9€ AS OF 22/02/2024
Azvalor Blue Chips Luxembourg R
Performance
22.1% Since inception
-0.2% Annualized
-8.5% YTD
9.3% 2023
22.0% 2022
Net asset value
122.1€ AS OF 22/02/2024

Our funds.

Investment funds
Sicav

Azvalor
Internacional FI

A fund made up of global companies with good, understandable and well-managed businesses.

Performance
115.5% Since inception
9.7% Annualized
-8.0% YTD
9.8% 2023
45.8% 2022
38.7% 2021
-6.4% 2020
5.5% 2019
-10.5% 2018
3.3% 2017
20.3% 2016
Net asset value
215.5€ AS OF 22/02/2024

Azvalor
Iberia FI

A fund made up of Spanish and Portuguese companies whose businesses have an international vocation.

Performance
39.6% Since inception
4.1% Annualized
-3.1% YTD
23.9% 2023
19.3% 2022
11.3% 2021
-24.0% 2020
1.9% 2019
-16.8% 2018
19.0% 2017
15.6% 2016
Net asset value
139.6€ AS OF 22/02/2024

Azvalor
Blue Chips FI

It is a manager- driven fund strongly linked to the high conviction approach of its managers which mainly invests in large-caps with good, understandable and well managed businesses.

Performance
76.7% Since inception
8.4% Annualized
-8.5% YTD
10.5% 2023
31.4% 2022
37.1% 2021
-2.0% 2020
2.4% 2019
-8.9% 2018
6.1% 2017
Net asset value
176.7€ AS OF 22/02/2024

Azvalor
Managers FI

Best of breed managers under one single fund.

Performance
49.6% Since inception
7.9% Annualized
-1.3% YTD
15.5% 2023
0.5% 2022
47.2% 2021
-14.7% 2020
9.5% 2019
-5.1% 2018
Net asset value
149.6€ AS OF 21/02/2024

Azvalor
Capital FI

Performance
-1.3% Since inception
-0.2% Annualized
-0.7% YTD
4.3% 2023
2.4% 2022
4.2% 2021
-3.5% 2020
-1.4% 2019
-4.6% 2018
-2.1% 2017
1.4% 2016
Net asset value
98.7€ AS OF 22/02/2024

Azvalor
Value Selection SICAV

Performance
586.1% Since inception
-0.2% Annualized
-9.1% YTD
8.8% 2023
41.5% 2022
30.1% 2021
-13.3% 2020
2.8% 2019
-11.6% 2018
4.2% 2017
5.8% 2016
Net asset value
65.3€ AS OF 22/02/2024

Azvalor
International Luxembourg I

Performance
75.6% Since inception
-0.2% Annualized
-8.8% YTD
9.8% 2023
34.5% 2022
32.3% 2021
-13.4% 2020
0.9% 2019
-11.3% 2018
4.9% 2017
21.3% 2016
Net asset value
1,756.1€ AS OF 22/02/2024

Azvalor
International Luxembourg R

Performance
69.5% Since inception
-0.2% Annualized
-8.8% YTD
9.8% 2023
33.9% 2022
31.8% 2021
-13.8% 2020
0.5% 2019
-11.7% 2018
4.4% 2017
20.8% 2016
Net asset value
169.5€ AS OF 22/02/2024

Azvalor
Managers Luxembourg I

Best of breed managers under one single fund.

Performance
55.3% Since inception
-0.2% Annualized
-1.5% YTD
15.5% 2023
-0.6% 2022
46.8% 2021
-15.2% 2020
Net asset value
15.5€ AS OF 22/02/2024

Azvalor
Blue Chips Luxembourg I

Performance
60.0% Since inception
-0.2% Annualized
-8.5% YTD
9.8% 2023
31.8% 2022
35.2% 2021
-2.1% 2020
Net asset value
1,599.9€ AS OF 22/02/2024

Azvalor
Blue Chips Luxembourg R

Performance
22.1% Since inception
-0.2% Annualized
-8.5% YTD
9.3% 2023
22.0% 2022
Net asset value
122.1€ AS OF 22/02/2024

Past performance is no guarantee of future performance

Much more than just a fund

An initiative with the sole mission of promoting social well-being and contributing to sustainable and self-sufficient development.

We focus on projects in education, health, support for vulnerable groups, agriculture and microfinance.

Opiniones de nuestros clientes