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value-selection

azValor Value Selection SICAV

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ISIN
ES0126841032
NAV
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Category
Global Equities
Inception
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Depositary
BNP PARIBAS Securities Services Sucursal en España
AUM
23.440.165,21 €
Shareholders
173
Minimum subscription
1 share
Management fee
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Performance

YTD
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1 month
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3 month
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6 month
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Performance 2016
5,76 %



Investment policy

Currently invests 80% International Portfolio and 20% Iberian Portfolio (these percentages may vary at the discretion of the managers depending on the investment opportunities).

Investment objective

Undervalued equity assets listed in global markets for investors with a long-term investment horizon.

Benchmark:Weighted average based on the average investment grade of the performance of the index MSCI Europe Total Return (80%), the Spanish index Índice Total General de la Bolsa de Madrid (ITGBM) (15%), and the Portuguese index PSI20 Total Return (5%).

Investment philosophy

azValor Sicav applies the “Value Investing” philosophy which consists of buying, with a long-term vision, good businesses at prices below their intrinsic value (margin of safety). The management objective is to obtain a satisfactory return sustained over time.

Recommendations

azValor Sicav is suitable for Investors with no need for liquidity in the short term and whose investment horizon is greater than five years.

Investment valuation will have variations due to market volatility and could temporarily stand below the amount initially invested. Past performance is no guarantee of future performance.

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Performance evolution


* MSCI Europe Total Return (80%), ITGBM (15%) y PSI20 GR Total Return (5%)

Managers

Guzman
Álvaro Guzmán de Lázaro, CFA
CIO / Partner
Fernando
Fernando Bernad, CFA
Investment Vice Director / Partner

Documents