Investment funds

Azvalor Iberia FI

A specialized fund made up of Spanish and Portuguese companies whose businesses have an international vocation.
Calificaciones
calificacion azvalor Product

★★

calificacion azvalor Product

AA

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.

Managers
Álvaro Guzmán de Lázaro, CFA CEO and Co-director of Investment
Fernando Bernad, CFA Co-director of Investment
Files and downloads
Performance

16.9%

Since inception to 28/11/2022

116.9 €

Net asset value

-1.0 %

Day change
YTD 2021 2020 2019 2018 2017 2016 Since inception

19.8%

11.3 %

-24.0 %

1.9 %

-16.8 %

19.0 %

15.6 %

16.9 %

5.8 %

1 month

4.6 %

3 months

-6.1 %

6 months

23.4 %

1 Year

Past performance is no guarantee of future performance

Fact sheet
Isin

ES0112616000 (single class, currency €)

Fund category

Iberian equity

Minimum subscription

€5,000 (€500 under 23 years old)

Custodian

BNP Paribas S.A., Spanish Branch

Management fee

1.80% per annum

Benchmark. Evolution of 100€ invested
loading

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.