These are good businesses, predictable and with a great capacity for continuity in the long term.

These are good businesses, predictable and with a great capacity for continuity in the long term.

These are good businesses, predictable and with a great capacity for continuity in the long term.

An investigator.

True Value Investments, the firm of Alejandro Estebaranz and Jose Luis Benitorefine your fund showcase with the launch of True Value Compounders. This vehicle, an international stock market like all those they manage, will invest in compoundersthat is, good businesses, predictable and with a great capacity for continuity in the long term.

In other words, these are companies with the ability to steadily grow their profits.

In financial jargon, and as defined in the fund’s prospectus, more than 75% of the exposure will go to equities growing companies, without predetermining by market capitalization, preferably in companies defined as compounders with a high return on invested capital, which are increasing their intrinsic value at double-digit rates, low levels of indebtedness, with businesses that are highly resistant to the economic cycle and high growth potential. Mostly from OECD developed markets, although with the possibility of having up to 20% in emerging markets.

Estebaranz and Benito have once again supported each other Rent 4 for the management and deposit of the vehicle, while they have the sub-management mandate from True Value Investments. Same formula as in the famous funds True Value and True Value Small Caps, the latter partially closed to new investments since last September 6.

It should be remembered that the firm also manages a fourth product, True Capital, the active management fund with the cheapest commission in the country to date, although in this case it is with Creand, the former Banco Alcalá.

Partial closure at 10 million

True Value Compounders comes out with two share classes. The first (A) has a management fee of 0.95% and a success fee on results of 8%. However, as soon as the fund reaches an equity equal to or greater than ten million euros, the maximum volume of shares per participant will be one share. Then there is a second (B), where commissions are 1.2% for management and 8% on results.

In both cases, the minimum initial investment required is ten euros and there is a 3% penalty in favor of the fund for redemptions for shares that are equal to or less than three years old.

This is the firm’s first strategy to be launched after expanding its analysis and management team with the signing of Jesus Argaizan industrial engineer and investor outsider who was the winner of the Amiral contest in Rankia 2018 with the prize of attending Omaha, the annual event in Nebraska (United States) organized by Berkshire Hathaway, Warren Buffett’s conglomerate, for the investment community that follows the value philosophy.

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