Azvalor Iberia FI is a fund designed to be invested almost entirely in undervalued equity assets (at least 75%). Its portfolio comprises Spanish and Portuguese companies listed on secondary markets, selected individually without preference to their size or sector (investment into stocks from Spanish issuers will not exceed 90%).
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. 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.
The exposure to currency risk will be 0-25% of the total exposure and it will not invest in derivative instruments.
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.
