Azvalor Value Selection SICAV

calificacion azvalor Product


calificacion azvalor Product *


* Source and Copyright: Citywire. Álvaro Guzmán and Fernando Bernad are A rated by Citywire for their rolling 3 year risk-adjusted performance, for the period 01.02.2021-31.01.2024

Azvalor Value Selection SICAV invests in undervalued global equities for investors with a long-term investment horizon.

Currently invests an 80% International Portfolio and 20% Iberian Portfolio (this weighting may vary according to investment opportunities, at the managers’ discretion).

This Sicav follows the “Value Investing” philosophy which consists on buying, with a longterm vision, companies at a price below their intrinsic value (margin of safety). The management objective is to ensure sustained profitability over time.

Azvalor Value Selection SICAV is suitable for patient investors with no liquidity needs in the short-term and whose investment horizon is more than five years.

The valuation of the investment will suffer variations due to the volatility of markers and could temporarily fall below the amountinitially invested. Past performance is not indicative of future results.

Álvaro Guzmán de Lázaro, CFA CEO and Co-director of Investment
Fernando Bernad, CFA Investment Co-director of Investment
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Since inception to 21/02/2024

9.7 %

Annualized Return

65.2 €

Net asset value

0.1 %

Day change
YTD 2023 2022 2021 2020 2019 2018 Since inception


8.8 %

41.5 %

30.1 %

-13.3 %

2.8 %

-11.6 %

584.9 %

Past performance is no guarantee of future performance


Calculadora interés compuesto
Fact sheet

ES0126841032 (single class, currency €)

Fund category

Global Equity


EUR 25,593,198.6 (31/01/2024)

CNMV registration date


Number of shareholders


Minimum subscription

1 share


BNP Paribas S.A., Spanish Branch

Management fee

1.8% per annum

Benchmark. Evolution of 100€ invested

An average weighted according to the average degree of investment of the performance of the MSCI Europe Total Return index (80%), the Madrid Stock Exchange Total Return Index (ITGBM) (15%) and the Portuguese PSI20 Total Return index (5%).