Azvalor Blue Chips FI is a fund created for the purpose of variable income investing, principally 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. The rest of the variable income exposure will be invested in companies with prospective medium and long-term appreciation, without restrictions on their capitalisation. 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 Investing” philosophy which is based on the identification of under-valued companies with a sound and comprehensible business, sustainable competitive advantages over time and high Returns on Capital Employed (ROCE), led by strong management teams and whose intrinsic value is not reflected in their share price. It aims to turn short-term market irrationality to its advantage, using volatility as an opportunity, with the conviction that, with patience and in the long term, the market will recognise their value. This fund is closely connected to its managers, Álvaro Guzmán de Lázaro and Fernando Bernad, whose substitution would imply a change in the investment policy. In time, the market will recognise its value.
0.18%Desde origen hasta 15/01/2019
100.18 €Valor liquidativo
-0.34 %Cambio del día
3.72 %En el año
0.18 %Desde el origen
1.93 %1 mes
-7.84 %3 meses
-6.94 %6 meses
-7.08 %1 año
International Variable Income
€5,000 (€500 for individuals aged under 23)
BNP PARIBAS Securities Services Spain Branch
Benchmark: MSCI World Index
Managers use the behaviour of the global MSCI World Index 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.