Letters to investors

Those who have borne with us have multiplied their investment 14 times since March 2003 Dear co-investor, During the first half of the year, Azvalo...

Dear co-investor, At the end of 2023, most of Azvalor’s funds reached double-digit returns: Azvalor Iberia, +23.9%; Azvalor Managers, +15.5%; Azval...

Dear co-investor, During the first half of the year, Azvalor has delivered positive returns in its funds Azvalor Iberia (+9.4%) and Azvalor Manager...

Dear co-investor, The most representative equity indices in the United States and Europe have had a difficult 2022 and closed the year with signifi...

Dear co-investor, The most representative equity indices in the United States and Europe have had a difficult 2022 and closed the year with signifi...

Dear co-investor, The world’s major stock markets have recorded one of their worst starts in decades. In the US, the most important equity market, ...

Dear co-investor, Azvalor funds have delivered an excellent performance in this first quarter of 2022. In the case of Azvalor Internacional, the fu...

Dear co-investor, Our funds have continued their upward trend during the fourth quarter, clearly outperforming the indices on a year-to-date basis....

Dear co-investor: November marks the third year anniversary of the Azvalor Managers fund. It has currently over 500 co-investors and more than 40 m...

Dear co-investor: Our funds continued to register gains in the third quarter of 2021 as well as year to date. Our portfolio contains stocks that ar...

Dear co-investor: The fund has returned +3.73% since the end of the first quarter of 2021, delivering a +29.95% return year to date and +14.57% sin...

Dear co-investor: Our International, Blue Chips and Azvalor Managers funds performed well in 2Q21 (up 12%, 6% and 10%, respectively), making it the...