Product

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.

Azvalor Blue Chips FI is a fund that invests mainly in international companies, with at least 75% of this exposure in companies with high market capitalisation (minimum 3,000 million Euros), with prospective appreciation over the long and medium term and without preference for a particular sector or country. It will be principally invested in OECD issuers/markets with the possibility to invest up to 35% of the total exposure in issuers/markets in emerging countries.

This fund follows the Value Investment philosophy, which means buying, with a long term vision, companies at a price below their intrinsic value. The objective is to obtain a satisfactory return, sustained over time. This is a fund that is closely connected to its managers, Álvaro Guzmán de Lázaro and Fernando Bernad, whose substitution would imply a change in the investment policy. The fund’s management objective is to achieve a sustained and satisfactory profit over time, making this fund suitable for investors that have no short-term liquidity needs and with a long-term investment horizon.

Managers
Álvaro Guzmán de Lázaro, CFA CEO and Co-director of Investment
Fernando Bernad, CFA Co-director of Investment
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Performance

6.67%

Since inception to 15/02/2019

106.67 €

Net asset value

1.05 %

Day change

10.43 %

YTD

-8.94%

2018

6.09%

2017

2016

6.67 %

Since inception

6.47 %

1 month

3.69 %

3 months

4.14 %

6 months

5.45 %

1 Year
Fact sheet
Isin

ES0112609005 (single class, currency €)

Fund category

International equity

Minimum subscription

€5,000 (€500 under 23 years old)

Custodian

BNP PARIBAS Securities Services Spanish branch

Management fee

1.8%

Benchmark. Evolution of 100€ invested
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Benchmark: MSCI World Index

Managers use MSCI World Index performance as a reference, which is developed by Morgan Stanley Capital International and comprises high market capitalisation stocks traded on the markets of 24 developed countries.