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.
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.
39.0%Since inception to 28/09/2023
4.3 %Annualized Return
139.0 €Net asset value
0.6 %Day change
3.1 %1 month
10.2 %3 months
15.5 %6 months
32.6 %1 Year
Past performance is no guarantee of future performance
PLANIFIQUE SU FUTUROCalculadora interés compuesto
ES0112616000 (single class, currency €)
€5,000 (€500 under 23 years old)
BNP Paribas S.A., Spanish Branch
1.80% per annum
Madrid Stock Exchange Total Return Index (ITGBM) (85%) and the Portuguese PSI 20 Total Return Index (15%).
The Madrid Stock Exchange Total Return Index (ITGBM) is an index covering all of the shares traded on the continuous market of the Madrid Stock Exchange. The PSI 20 Total Return is an index comprising the 53 top shares traded on the Lisbon Stock Exchange. Both indexes take the reinvestment of net tax dividends into account.