Azvalor Iberia FI is an actively managed fund that follows the Value Investment philosophy or “value investing”, based on long-term investment in companies with understandable business models, strong management, aligned ownership, and which are undervalued by the market—with significant upside potential. The fund is managed by an experienced investment team applying the “Azvalor Method”, led by the Co-Chief Investment Officers, who each have over 25 years of experience.
The investment objective of Azvalor Iberia FI is to maintain a high level of exposure to equities—at least 75%. Its portfolio consists primarily of companies listed on the Spanish and Portuguese capital markets (with investment in Spanish issuers not exceeding 90%), selected independently of their weighting in benchmark indices. Exceptionally, up to 10% of the portfolio may be invested in companies listed outside Spain and Portugal. The portfolio is typically concentrated, with a significant allocation to its top 10 holdings. Cash exposure may not exceed 25% of the portfolio and is managed actively, depending on market opportunities and the valuation of portfolio companies.
In order to preserve the fund’s long-term upside potential—maximising target value while minimising risk—a disciplined portfolio rotation process is applied, reallocating capital towards the most attractive investment opportunities at any given time.
The fund’s objective is to preserve the purchasing power of capital by outperforming inflation and delivering returns in excess of the main equity indices of developed markets.
Azvalor Iberia FI is suitable for investors without short-term liquidity needs and with an investment horizon of more than five years.
