Quarterly letter 3Q2022
"Our demanding rotation process (selling at a profit, generating liquidity and reinvesting when prices are low) is allowing us to continue to create value. Market declines in the third quarter and our high liquidity have enabled us to increase the target value of the Azvalor Internacional fund to €450 per share."
Read letter7th Annual Investor Conference
Video of the conference is available
Watch nowValue investing: rewarding confidence (Expansion)
Although we have always told our clients that patience is the key to profitability, this advice must be tempered. [...] Perhaps profitability has less to do with patience than it does with confidence". Fernando Bernad and Álvaro Guzmán de Lázaro's article published in Expansión (Sept 4, 2021).
Read full articleValue in 'valor'
“Value” represents strength and courage, persistence and perseverance. It reflects our way of being, and also that of our clients.
InvestThe spirit of the company
To develop our true vocation as long-term investors, applying fundamental criteria and common sense to our valuations, studying each of our investments in depth and making decisions independently, all with the aim of aligning the interests of our co-investors with our own.
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.
We invest in real assets
At Azvalor we invest in real assets, not in stock tickers. We invest in quality companies with good businesses and sustainable competitive advantages, led by capable and honest management teams that have shareholders’ best interests at heart, and whose intrinsic value is not reflected in their stock price.
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.
Azvalor Internacional FI
Performance
Net asset value
Azvalor Iberia FI
Performance
Net asset value
Azvalor Blue Chips FI
Performance
Net asset value
Azvalor Managers FI
Performance
Net asset value
Azvalor Capital FI
Performance
Net asset value
Azvalor International Luxembourg R
Performance
Net asset value
Azvalor International Luxembourg I
Performance
Net asset value
Azvalor Value Selection SICAV
Performance
Net asset value
Azvalor Blue Chips Lux I
Performance
Net asset value
Azvalor Managers Lux I
Performance
Net asset value
Azvalor Azvalor Blue Chips Lux R
Performance
Net asset value
Our funds.
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Azvalor Internacional FI
122.0% Since inception -
Azvalor Iberia FI
29.4% Since inception -
Azvalor Blue Chips FI
82.3% Since inception -
Azvalor Managers FI
42.3% Since inception -
Azvalor Capital FI
-4.1% Since inception
Azvalor
Internacional FI
A specialized fund made up of global companies with good, understandable and well-managed businesses.
Performance
Net asset value
Azvalor
Iberia FI
A specialized fund made up of Spanish and Portuguese companies whose businesses have an international vocation.
Performance
Net asset value
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
Net asset value
Azvalor
Managers FI
Best of breed managers under one single fund.
Performance
Net asset value
Azvalor
Capital FI
Performance
Net asset value
Azvalor
International Luxembourg R
A specialized fund made up of global companies with good, understandable and well- managed businesses
Performance
Net asset value
Azvalor
International Luxembourg I
Performance
Net asset value
Azvalor
Value Selection SICAV
Performance
Net asset value
Azvalor
Blue Chips Lux I
Performance
Net asset value
Azvalor
Managers Lux I
Best of breed managers under one single fund.
Performance
Net asset value
Azvalor
Azvalor Blue Chips Lux R
Performance
Net asset value
Past performance is no guarantee of future performance
An initiative with the sole mission of promoting social well-being and contributing to sustainable and self-sufficient development. In other words, adding value to society.
A great place to work
As one of Spain’s best companies to work for, Azvalor has been certified a Great Place to Work®. This is the largest and most highly-regarded study into workplace excellence and leadership practice.
A great place to work
As one of Spain’s best companies to work for, Azvalor has been certified a Great Place to Work®. This is the largest and most highly-regarded study into workplace excellence and leadership practice.
Azvalor en Twitter
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"Para saber qué nos espera, la medida es saber cómo de barata está la cartera. Ahora mismo tenemos un potencial del 100%, que si se logra en 4-5 años es un 15% anual, que es muy atractivo", Álvaro Guzmán de Lázaro en @noduermedinero
#value #valueinvesting #ahorro #invertir
"Nuestros fondos han cumplido su objetivo de ser un 'hogar tranquilo', un 'refugio' que ha protegido el ahorro de nuestros copartícipes en medio de la tormenta. Y esto ha sido posible gracias a nuestra obsesión por comprar calidad pagando un precio barato" CT 4T2022
#value
"Los grandes ganadores han sido los partícipes del plan Azvalor Global Value, que han duplicado el valor del dinero acumulado en este vehículo, en un periodo de tres años", @CincoDiascom
Lea la noticia completa👉http://bit.ly/3XRamEe
#jubilación #ahorro #pensiones #value
