{"id":1057,"date":"2022-12-06T18:34:08","date_gmt":"2022-12-06T17:34:08","guid":{"rendered":"https:\/\/andbank.es\/boutiquehub\/?page_id=1057"},"modified":"2026-09-16T10:10:20","modified_gmt":"2026-09-16T09:10:20","slug":"azagala","status":"publish","type":"page","link":"https:\/\/andbank.es\/boutiquehub\/azagala\/","title":{"rendered":"Azagala"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1057\" class=\"elementor elementor-1057\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c0e67d8 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"c0e67d8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7408692\" data-id=\"7408692\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1a045e8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a045e8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-fa10a02\" data-id=\"fa10a02\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ad14b94 elementor-widget elementor-widget-image\" data-id=\"ad14b94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"686\" height=\"181\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-02.png\" class=\"attachment-large size-large wp-image-1062\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-02.png 686w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-02-300x79.png 300w\" sizes=\"(max-width: 686px) 100vw, 686px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-7382d79\" data-id=\"7382d79\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2bcc6c elementor-widget elementor-widget-image\" data-id=\"c2bcc6c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"638\" height=\"135\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/10\/andbank-02.svg\" class=\"attachment-large size-large wp-image-23\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-0f0bc44\" data-id=\"0f0bc44\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2286422 elementor-nav-menu--stretch elementor-nav-menu__align-end elementor-nav-menu--dropdown-tablet elementor-nav-menu__text-align-aside elementor-nav-menu--toggle elementor-nav-menu--burger elementor-widget elementor-widget-nav-menu\" data-id=\"2286422\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;full_width&quot;:&quot;stretch&quot;,&quot;layout&quot;:&quot;horizontal&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;i class=\\&quot;fas fa-caret-down\\&quot; aria-hidden=\\&quot;true\\&quot;&gt;&lt;\\\/i&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;toggle&quot;:&quot;burger&quot;}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<nav aria-label=\"Men\u00fa\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-horizontal e--pointer-underline e--animation-slide\">\n\t\t\t\t<ul id=\"menu-1-2286422\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-131\"><a href=\"#\" class=\"elementor-item elementor-item-anchor\">Home<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-132\"><a href=\"#informacion-de-producto\" class=\"elementor-item elementor-item-anchor\">Informaci\u00f3n del producto<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-134\"><a href=\"#como-invertimos\" class=\"elementor-item elementor-item-anchor\">C\u00f3mo invertimos<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-135\"><a href=\"#contacto\" class=\"elementor-item elementor-item-anchor\">Contacto<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t<div class=\"elementor-menu-toggle\" role=\"button\" tabindex=\"0\" aria-label=\"Alternar men\u00fa\" aria-expanded=\"false\">\n\t\t\t<i aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--open eicon-menu-bar\"><\/i><i aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--close eicon-close\"><\/i>\t\t<\/div>\n\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-2286422\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-131\"><a href=\"#\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">Home<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-132\"><a href=\"#informacion-de-producto\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">Informaci\u00f3n del producto<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-134\"><a href=\"#como-invertimos\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">C\u00f3mo invertimos<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-135\"><a href=\"#contacto\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">Contacto<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0376cdd elementor-section-full_width portada-mar elementor-section-height-default elementor-section-height-default\" data-id=\"0376cdd\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-30848b7\" data-id=\"30848b7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f14dd18 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f14dd18\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-104c3ea\" data-id=\"104c3ea\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b8023d elementor-widget elementor-widget-heading\" data-id=\"1b8023d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Inversores en <br>\nempresas de nicho<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5a5d6a elementor-widget elementor-widget-heading\" data-id=\"b5a5d6a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Somos parte de una minor\u00eda que no invierte como la mayor\u00eda<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-cb3eaf9\" data-id=\"cb3eaf9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-218d716 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"218d716\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8196ad6\" data-id=\"8196ad6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3378eba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3378eba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-714faab\" data-id=\"714faab\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b05f906 elementor-widget elementor-widget-text-editor\" data-id=\"b05f906\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 class=\"title-blue-light-m\">Singularidad<\/h3>\n<p class=\"p1\"><span class=\"s1\">Invertimos de una manera diferente al resto del mercado, no por ser distintos, sino porqu\u00e9 es la clave para obtener retornos diferenciales.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-d005a65\" data-id=\"d005a65\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f0b79c elementor-widget elementor-widget-text-editor\" data-id=\"5f0b79c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 class=\"title-blue-light-m\">Ahorrar\npara invertir<\/h3>\n<p class=\"p1\"><span class=\"s1\">El ahorro sin inversi\u00f3n no sirve para nada. El dinero pierde parte de su valor con el paso del tiempo.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-a9895d2\" data-id=\"a9895d2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e489df elementor-widget elementor-widget-text-editor\" data-id=\"9e489df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 class=\"title-blue-light-m\">Accesibilidad\npara todos<\/h3>\n<p class=\"p1\"><span class=\"s1\">Para que todo aquel que quiera invertir pueda hacerlo, sin problemas, sin importe m\u00ednimo de entrada y una estructura de comisiones decrecientes. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-8694108\" data-id=\"8694108\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d7082b elementor-widget elementor-widget-text-editor\" data-id=\"2d7082b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 class=\"title-blue-light-m\">Liquidez<\/h3>\n<p class=\"p1\"><span class=\"s1\">En estos tiempos en los que la incertidumbre es una constante, mantener siempre altos grados de liquidez es la clave.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-21814ea elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"21814ea\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7446775\" data-id=\"7446775\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-bc49846 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bc49846\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-18a7785\" data-id=\"18a7785\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed9105e elementor-widget elementor-widget-image\" data-id=\"ed9105e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1615\" height=\"2048\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/05\/AZ_ab_1-1615x2048.png\" class=\"attachment-2048x2048 size-2048x2048 wp-image-3247\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/05\/AZ_ab_1-1615x2048.png 1615w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/05\/AZ_ab_1-237x300.png 237w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/05\/AZ_ab_1-808x1024.png 808w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/05\/AZ_ab_1-768x974.png 768w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/05\/AZ_ab_1-1212x1536.png 1212w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/05\/AZ_ab_1.png 1972w\" sizes=\"(max-width: 1615px) 100vw, 1615px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c153a41\" data-id=\"c153a41\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab51997 elementor-widget elementor-widget-heading\" data-id=\"ab51997\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CON\u00d3ZCAME\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f66571 elementor-widget elementor-widget-heading\" data-id=\"2f66571\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Daniel Tello \n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14c4505 elementor-widget elementor-widget-heading\" data-id=\"14c4505\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Fundador de Azagala Capital y<br>\nGestor de fondos en Andbank Wealth Management<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78077eb elementor-widget elementor-widget-text-editor\" data-id=\"78077eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">Licenciado en ADE por la Universidad Complutense, con un m\u00e1ster en Finanzas por Deusto y la Escuela Superior de Cajas de Ahorros y otro m\u00e1ster en Value Investing y Teor\u00eda del Ciclo. Es <\/span><span class=\"s2\"><b>experto en inversiones en mercados financieros, uso de instrumentos de capital, gesti\u00f3n de liquidez y an\u00e1lisis y valoraci\u00f3n de empresas.<\/b><\/span><\/p><p class=\"p1\"><span class=\"s1\">Su trayectoria profesional ha estado siempre ligada a la <\/span><span class=\"s2\"><b>banca de inversi\u00f3n.<\/b><\/span><span class=\"s1\"> Comienza en ABN AMRO BANK, pasando por pr\u00e1cticamente todos los departamentos, lo que le permiti\u00f3 conocer a fondo el banco y la sociedad de valores.<\/span><\/p><p class=\"p1\"><span class=\"s1\">En la antigua Confederaci\u00f3n Espa\u00f1ola de Cajas de Ahorros (hoy Cecabank), donde estuvo 18 a\u00f1os, aprendi\u00f3 mucho durante su trayectoria, desde back office, luego middle y finalmente front office.<\/span><\/p><p class=\"p1\"><span class=\"s1\">Del 2006 al 2018, en la<\/span><span class=\"s2\"><b> sala de tesorer\u00eda <\/b><\/span><span class=\"s1\">de Cecabank, tuvo diferentes responsabilidades relacionadas con <\/span><span class=\"s2\"><b>mercados de liquidez, deuda, derivados y cr\u00e9dito<\/b><\/span><span class=\"s1\"> y con algunos de los profesionales m\u00e1s brillantes que hay en el mercado y de los que ha tenido la suerte de aprender a invertir de la manera correcta.<\/span><\/p><p class=\"p1\"><span class=\"s1\">Profesor en el Programa de Debt Advisory y en el Master en Finanzas Corporativas del IEB.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6f4825 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6f4825\" data-element_type=\"section\" data-e-type=\"section\" id=\"como-invertimos\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c24b13f\" data-id=\"c24b13f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4154470 elementor-widget elementor-widget-heading\" data-id=\"4154470\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">C\u00d3MO INVERTIMOS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4614f02 elementor-widget elementor-widget-heading\" data-id=\"4614f02\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">A la hora de invertir, lo importante es la calidad del negocio,<div>no el tama\u00f1o de la compa\u00f1\u00eda<\/div><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41efe74 elementor-widget elementor-widget-text-editor\" data-id=\"41efe74\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">A la hora de invertir, lo realmente importante es la calidad del negocio, no tomar decisiones en base a si la acci\u00f3n sube o baja. Normalmente, tendemos a mirar mejor a los directivos cuando la acci\u00f3n de su empresa sube y peor cuando cae, pero lo interesante es valorar la calidad de su gesti\u00f3n a a\u00f1os vista e invertir en los momentos de m\u00e1ximo pesimismo.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2eccd19 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2eccd19\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-39e25b8\" data-id=\"39e25b8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2cf8c5e elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"2cf8c5e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"153\" height=\"197\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-03.png\" class=\"attachment-full size-full wp-image-1063\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\">Foco en la calidad<\/h4><p class=\"elementor-image-box-description\">Buscamos activos \u00fanicos o protegidos que sean muy dif\u00edciles de replicar para obtener retornos diferenciales.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-2659b01\" data-id=\"2659b01\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74a4724 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"74a4724\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"206\" height=\"218\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-04.png\" class=\"attachment-full size-full wp-image-1064\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\">Largo plazo<\/h4><p class=\"elementor-image-box-description\">Invertimos a muy largo plazo con el objetivo de eliminar el ruido y la volatilidad del mercado\na corto plazo.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-1a464d4\" data-id=\"1a464d4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d985f7 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"5d985f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"140\" height=\"175\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-05.png\" class=\"attachment-full size-full wp-image-1065\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\">Renta variable<\/h4><p class=\"elementor-image-box-description\">Invertimos en peque\u00f1as empresas desconocidas donde los fondos m\u00e1s grandes no pueden entrar hasta que no han multiplicado su precio y tama\u00f1o muchas veces.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-a9bedd8\" data-id=\"a9bedd8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-42cc10f elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"42cc10f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"266\" height=\"175\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-06.png\" class=\"attachment-full size-full wp-image-1066\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\">Flexibilidad<\/h4><p class=\"elementor-image-box-description\">Invertimos en situaciones especiales y bonos convertibles \nde empresas buscando la \nmayor opcionalidad posible \nal menor riesgo.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-264e984 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"264e984\" data-element_type=\"section\" data-e-type=\"section\" id=\"informacion-de-producto\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-33fd692\" data-id=\"33fd692\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a39668f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a39668f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-599ed57\" data-id=\"599ed57\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62e56fd elementor-widget elementor-widget-heading\" data-id=\"62e56fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">NUESTRO PRODUCTO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-d825e50\" data-id=\"d825e50\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-803cc62\" data-id=\"803cc62\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-9ecfc5d\" data-id=\"9ecfc5d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-9cc38f6\" data-id=\"9cc38f6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e3087e elementor-widget elementor-widget-heading\" data-id=\"1e3087e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Gesti\u00f3n Boutique VII Azagala <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-546c0b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"546c0b9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5c06ae6\" data-id=\"5c06ae6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-29f90c3\" data-id=\"29f90c3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-82bd283 elementor-widget elementor-widget-text-editor\" data-id=\"82bd283\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p2\">Es un fondo de autor que invierte en empresas de nicho. Invertimos en peque\u00f1as compa\u00f1\u00edas de nicho, en sectores \u201coligopol\u00edsticos\u201d o con activos \u00fanicos o singulares que les permiten competir en su nicho y crecer dentro de su nicho de mercado o mercados adyacentes.<\/p>\n<p class=\"p2\">El objetivo de Azagala es generar rentabilidad. Porque se trata de esto, de ganar dinero, que no es lo m\u00e1s importante, pero ayuda (y mucho) a conseguir nuestros objetivos.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7481629 elementor-widget elementor-widget-html\" data-id=\"7481629\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#ffffff;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n       9,2 M<span style=\"font-size:25px\"><\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#ffffff;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:300\">Activos bajo gesti\u00f3n<BR>\n    <span style=\"\n    color:#ffffff;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/span><\/p>\n<\/div><div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#ffffff;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        524<span style=\"font-size:25px\"><\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#ffffff;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:300\">Part\u00edcipes<\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-15px;color:#ffffff;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/p>\n<\/div>\n<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#ffffff;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        1,4<span style=\"font-size:25px\">%<\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#ffffff;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:300\">Comisi\u00f3n de gesti\u00f3n*<br>\n    <span style=\"color:#ffffff;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/span><\/p>\n<\/div>\n<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#ffffff;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        0,08<span style=\"font-size:25px\">%<\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#ffffff;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:300\">Depositar\u00eda<br>\n    <span style=\"color:#ffffff;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/span><\/p>\n<\/div>\n<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#ffffff;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        <span style=\"color:#0066a3\"><\/span>5\/7<span style=\"font-size:25px\"><\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#ffffff;\n    font-size:16px!important;\n    font-family:'Gesfund'!important; font-weight:300\">Riesgo<br><br>\n    <span style=\"color:#ffffff;\n    font-size:13px!important; \n    font-family:'Gesfund'!important; font-weight:300; text-align:center!important; margin-left:-30px; padding-top:20px!important;\">(siendo 1 el m\u00ednimo\n<br>y 7 el m\u00e1ximo)<\/span><\/p>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e82c4e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e82c4e4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-a94798d\" data-id=\"a94798d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-56d27a6 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"56d27a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/Azagala_Carta_Trimestral_3T_2022_v1.pdf\" target=\"_blank\" aria-label=\"Carta trimestral 3T 2022\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"588\" height=\"588\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/02\/carta-trimestral.png\" class=\"attachment-large size-large wp-image-1453\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/02\/carta-trimestral.png 588w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/02\/carta-trimestral-300x300.png 300w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/02\/carta-trimestral-150x150.png 150w\" sizes=\"(max-width: 588px) 100vw, 588px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-5bb4d48\" data-id=\"5bb4d48\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e524766 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"e524766\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/02\/Azagala_Carta_Trimestral_Febrero_2023.pdf\" target=\"_blank\" aria-label=\"Carta trimestral 4T 2022\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"282\" height=\"272\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/05\/Landing_Azagala_20230430-02-1.png\" class=\"attachment-large size-large wp-image-1700\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-c083e75\" data-id=\"c083e75\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c94ffb elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"6c94ffb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/05\/Azagala_Carta_Trimestral_April_2023.pdf\" target=\"_blank\" aria-label=\"Carta trimestral 1T 2023\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"254\" height=\"244\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/08\/carta-1.png\" class=\"attachment-large size-large wp-image-1996\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-a0a6249\" data-id=\"a0a6249\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f7392fc elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"f7392fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/09\/Azagala_Carta_Trimestral_Julio_2023.pdf\" target=\"_blank\" aria-label=\"Carta trimestral 2T 2023\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"442\" height=\"489\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/11\/icono_2t_2023.png\" class=\"attachment-large size-large wp-image-2181\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/11\/icono_2t_2023.png 442w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/11\/icono_2t_2023-271x300.png 271w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-be8d58f\" data-id=\"be8d58f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-219cda5 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"219cda5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2023\/11\/Azagala_Carta_Trimestral_noviembre_2023.pdf\" target=\"_blank\" aria-label=\"Carta trimestral 3T 2023\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"442\" height=\"489\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/03\/AZ-MA224_G1.png\" class=\"attachment-large size-large wp-image-3086\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/03\/AZ-MA224_G1.png 442w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/03\/AZ-MA224_G1-271x300.png 271w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-e8e56d8\" data-id=\"e8e56d8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dad4c6a elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"dad4c6a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/03\/Azagala_Carta_4T_2023_OK.pdf\" target=\"_blank\" aria-label=\"Carta trimestral 4T 2023\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"442\" height=\"489\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/09\/AZ_AG24_1.png\" class=\"attachment-large size-large wp-image-3568\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/09\/AZ_AG24_1.png 442w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/09\/AZ_AG24_1-271x300.png 271w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-dd28751\" data-id=\"dd28751\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf0e611 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"bf0e611\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2024\/09\/Azagala_Carta_2H_2024.pdf\" target=\"_blank\" aria-label=\"Carta semestral 1S 2024\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"442\" height=\"489\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/04\/AZ_AB25_4.png\" class=\"attachment-large size-large wp-image-4646\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/04\/AZ_AB25_4.png 442w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/04\/AZ_AB25_4-271x300.png 271w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-6455b43\" data-id=\"6455b43\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-90ed7dc elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"90ed7dc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/04\/Azagala_Carta_Anual_2024.pdf\" target=\"_blank\" aria-label=\"Carta anual 2024\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"442\" height=\"489\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/10\/AZ_OC25_1.png\" class=\"attachment-large size-large wp-image-6164\" alt=\"Carta anual 2024\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/10\/AZ_OC25_1.png 442w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/10\/AZ_OC25_1-271x300.png 271w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-3c2e2d3\" data-id=\"3c2e2d3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-842e4bc elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"842e4bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/10\/Azagala_Carta_1S_2025.pdf\" target=\"_blank\" aria-label=\"Carta semestral 1S 2025\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"886\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_1.png\" class=\"attachment-large size-large wp-image-9967\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_1.png 884w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_1-271x300.png 271w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_1-768x851.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-10 elementor-inner-column elementor-element elementor-element-9002f00\" data-id=\"9002f00\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-432af76 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"432af76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/Azagala_Carta_Anual_2025.pdf\" target=\"_blank\" aria-label=\"Carta semestral 1S 2025\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"886\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_2.png\" class=\"attachment-large size-large wp-image-9966\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_2.png 884w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_2-271x300.png 271w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2026\/05\/AZ_May26_2-768x851.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2295b73 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2295b73\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3583f2d\" data-id=\"3583f2d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d8d489a elementor-widget elementor-widget-text-editor\" data-id=\"d8d489a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>(*) La comisi\u00f3n de gesti\u00f3n es una comisi\u00f3n acumulativa por tramos, se puede consular en el folleto de CNMV: https:\/\/www.cnmv.es.<br \/>Fuente: Bolsa de Madrid. Datos a 31\/07\/2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-64b451f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"64b451f\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1a6f30b\" data-id=\"1a6f30b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d5fe39 elementor-widget elementor-widget-heading\" data-id=\"6d5fe39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DATOS DEL FONDO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7136f35 elementor-widget elementor-widget-text-editor\" data-id=\"7136f35\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3 class=\"p1\">Filosof\u00eda de inversi\u00f3n<\/h3><p class=\"p1\"><span class=\"s1\">Invertimos en peque\u00f1as compa\u00f1\u00edas que operan en sectores de nicho, que tienen o est\u00e1n construyendo activos \u00fanicos o muy dif\u00edciles de replicar y que son capaces de competir y crecer. Tratamos de incorporarlas a la cartera antes de que otros fondos m\u00e1s grandes las puedan comprar una vez que han multiplicado su precio muchas veces.<\/span><\/p><p class=\"p1\"><span class=\"s1\">En general, se trata de empresas poco conocidas, sin analistas y que normalmente no suelen estar bien valoradas o que presentan una situaci\u00f3n especial sobre la que el mercado no presta atenci\u00f3n.<\/span><\/p><p class=\"p1\"><span class=\"s1\">Invertimos desde un punto de vista de cr\u00e9dito y analizamos qu\u00e9 instrumento de capital nos proporciona m\u00e1s rentabilidad al menor riesgo (acciones, bonos, convertibles, opciones).<\/span><\/p><p class=\"p1\"><span class=\"s1\">Contamos siempre con mucha liquidez disponible para caer menos que el mercado en momentos de m\u00e1ximo p\u00e1nico y usamos esa liquidez para comprar buenos activos a vendedores forzados. Estas ventas forzadas se producen en momentos de incertidumbre.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7fc74c9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7fc74c9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-1409172\" data-id=\"1409172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b8e866 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"5b8e866\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"247\" height=\"216\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-08.png\" class=\"attachment-full size-full wp-image-1068\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\">Small Caps<\/h4><p class=\"elementor-image-box-description\">Invierte en small caps que los grandes fondos no pueden comprar hasta que no multiplican su precio varias veces.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-ee45e74\" data-id=\"ee45e74\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a2781b elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"6a2781b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"277\" height=\"188\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-09.png\" class=\"attachment-full size-full wp-image-1069\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\">Bonos de cr\u00e9dito<\/h4><p class=\"elementor-image-box-description\">Invierte en bonos de cr\u00e9dito para obtener rentabilidades diferenciales con un mayor nivel de protecci\u00f3n.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-c0184a8\" data-id=\"c0184a8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ca5456 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"1ca5456\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"84\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-10-1.png\" class=\"attachment-full size-full wp-image-1101\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\">Gran liquidez<\/h4><p class=\"elementor-image-box-description\">Cuenta con un alto grado de liquidez \nsiempre disponible para ser usada\nen momentos de m\u00e1xima incertidumbre.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e5e3fc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e5e3fc\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3a07b32\" data-id=\"3a07b32\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d6c59a2 elementor-widget elementor-widget-heading\" data-id=\"d6c59a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DETALLE DE RESULTADOS POR A\u00d1OS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6152284 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6152284\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-34b7a14\" data-id=\"34b7a14\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a423684 elementor-widget elementor-widget-html\" data-id=\"a423684\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<table>\n<thead>\n  <tr style=\"color:#043b48; font-weight:400; font-size:16px\">\n    <th style=\"font-weight:400;text-align:left; width:300px; border:none; padding-left:5px\"> Rentabilidades <\/th>\n    <th style=\"font-weight:400;\">2019* <br>&nbsp;&nbsp;<\/th>\n\n  \n    <th style=\"font-weight:400;\">2020 <br><span style=\"font-size:12px!important;\"><\/span> <\/th>\n    <th style=\"font-weight:400;\"> 2021 <br><span style=\"font-size:12px!important;\"><\/span><\/th>\n    <th style=\"font-weight:400;\"> 2022 <br>&nbsp;&nbsp;<\/th>\n    <th style=\"font-weight:400;\"> 2023 <br>&nbsp;&nbsp;<\/th>\n     <th style=\"font-weight:400;\"> 2024 <br>&nbsp;&nbsp;<\/th>\n       <th style=\"font-weight:400;\"> 2025 <br>&nbsp;&nbsp;<\/th>\n  <\/tr>\n \n<\/thead>\n<tbody class=\"porcentajes\" >\n  <tr>\n    <td class=\"clase\"> Gesti\u00f3n Boutique VII Azagala<\/td>\n    <td> +0,73<\/td>\n\n    <td> +13,92<\/td>\n\n    <td> +21,59<\/td>\n\n    <td> -26,62<\/td>\n      <td> +21,21<\/td>\n       <td> +7,25<\/td>\n          <td> +5,03<\/td>\n  <\/tr>\n  \n \n \n<\/tbody>\n<\/table>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b4356c8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4356c8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-23eb027\" data-id=\"23eb027\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4adedbb elementor-widget elementor-widget-text-editor\" data-id=\"4adedbb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>* El fondo se lanza en julio y el periodo de construcci\u00f3n de la cartera se extiende hasta 2020.<br \/>Fuente: CNMV. Datos a 31\/07\/2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8104ec8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8104ec8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-94b4c68\" data-id=\"94b4c68\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-add1a17 elementor-widget elementor-widget-heading\" data-id=\"add1a17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">DETALLE DE LA DISTRIBUCI\u00d3N<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ea3fac elementor-widget elementor-widget-heading\" data-id=\"5ea3fac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Por sectores<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4832acd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4832acd\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ac5ca73\" data-id=\"ac5ca73\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-0e1fc5d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e1fc5d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-b6894e2\" data-id=\"b6894e2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-788518b elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"788518b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"106\" height=\"182\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-15.png\" class=\"attachment-full size-full wp-image-1075\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">Servicios de comunicaci\u00f3n<\/h3><p class=\"elementor-image-box-description\">36%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d34e0c elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"7d34e0c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"240\" height=\"183\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-12.png\" class=\"attachment-full size-full wp-image-1072\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">Tecnolog\u00eda <\/h3><p class=\"elementor-image-box-description\">4%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-752582d\" data-id=\"752582d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e43dbbc elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"e43dbbc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"266\" height=\"175\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-18.png\" class=\"attachment-full size-full wp-image-1078\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">industriales<\/h3><p class=\"elementor-image-box-description\">27%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10fea3f elementor-hidden-tablet elementor-hidden-mobile elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"10fea3f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"245\" height=\"162\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-13.png\" class=\"attachment-full size-full wp-image-1073\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">Energ\u00eda<\/h3><p class=\"elementor-image-box-description\">0%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-5738e58\" data-id=\"5738e58\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0312997 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"0312997\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"222\" height=\"169\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-17.png\" class=\"attachment-full size-full wp-image-1077\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">Consumo c\u00edclico<\/h3><p class=\"elementor-image-box-description\">17%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c95299e elementor-hidden-tablet elementor-hidden-mobile elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"c95299e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"326\" height=\"143\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-14.png\" class=\"attachment-full size-full wp-image-1074\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-14.png 326w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-14-300x132.png 300w\" sizes=\"(max-width: 326px) 100vw, 326px\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">Materiales b\u00e1sicos<\/h3><p class=\"elementor-image-box-description\">0%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-25c87e9 elementor-hidden-tablet elementor-hidden-mobile\" data-id=\"25c87e9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a9c304 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"4a9c304\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"161\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/grafico.png\" class=\"attachment-full size-full wp-image-1177\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">Servicios financieros<\/h3><p class=\"elementor-image-box-description\">16%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8070155 elementor-hidden-tablet elementor-hidden-mobile elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"8070155\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img loading=\"lazy\" decoding=\"async\" width=\"171\" height=\"267\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-11.png\" class=\"attachment-full size-full wp-image-1071\" alt=\"\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\">Inmobiliario<\/h3><p class=\"elementor-image-box-description\">0%<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fcabb08 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fcabb08\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b165d2c\" data-id=\"b165d2c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a09ebd6 elementor-widget elementor-widget-heading\" data-id=\"a09ebd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Por regiones<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4dadd15 elementor-widget elementor-widget-magical_proportional_circles_chart\" data-id=\"4dadd15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"magical_proportional_circles_chart.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"magical-charts-widget magical-proportional-circles-chart-widget\"><div class=\"magical-proportional-circles-chart\"><div class=\"magical-proportional-circles-chart__plot\"><div class=\"magical-proportional-circles-chart__axis-line\" aria-hidden=\"true\"><\/div><div class=\"magical-proportional-circles-chart__items\"><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:1; --magical-circle-drop-factor:0; --magical-circle-color:#1A5E97;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Estados Unidos<\/div><div class=\"magical-proportional-circles-chart__value\">38%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:1; --magical-circle-drop-factor:1; --magical-circle-color:#EA20BD;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Reino Unido<\/div><div class=\"magical-proportional-circles-chart__value\">15%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.6; --magical-circle-drop-factor:0.6; --magical-circle-color:#3B82AC;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Noruega<\/div><div class=\"magical-proportional-circles-chart__value\">9%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.466667; --magical-circle-drop-factor:0.466667; --magical-circle-color:#EA3BC9;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Suecia<\/div><div class=\"magical-proportional-circles-chart__value\">7%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.333334; --magical-circle-drop-factor:0.333334; --magical-circle-color:#3B82AC;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Suiza<\/div><div class=\"magical-proportional-circles-chart__value\">5%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.266667; --magical-circle-drop-factor:0.266667; --magical-circle-color:#EB76D4;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Portugal<\/div><div class=\"magical-proportional-circles-chart__value\">4%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.266667; --magical-circle-drop-factor:0.266667; --magical-circle-color:#77A5C1;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Irlanda<\/div><div class=\"magical-proportional-circles-chart__value\">4%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.266667; --magical-circle-drop-factor:0.266667; --magical-circle-color:#EC99DB;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Lituania<\/div><div class=\"magical-proportional-circles-chart__value\">4%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.266667; --magical-circle-drop-factor:0.266667; --magical-circle-color:#88B4CF;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Francia<\/div><div class=\"magical-proportional-circles-chart__value\">4%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.2; --magical-circle-drop-factor:0.2; --magical-circle-color:#F0B2E3;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Dinamarca<\/div><div class=\"magical-proportional-circles-chart__value\">3%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.2; --magical-circle-drop-factor:0.2; --magical-circle-color:#9BBACE;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Holanda<\/div><div class=\"magical-proportional-circles-chart__value\">3%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.2; --magical-circle-drop-factor:0.2; --magical-circle-color:#EDB4E0;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Belgica<\/div><div class=\"magical-proportional-circles-chart__value\">3%<\/div><\/div><\/div><div class=\"magical-proportional-circles-chart__item\" style=\"--magical-circle-max-factor:0.133333; --magical-circle-drop-factor:0.133333; --magical-circle-color:#B2C9D6;\"><div class=\"magical-proportional-circles-chart__axis-row\"><span class=\"magical-proportional-circles-chart__circle\" aria-hidden=\"true\"><\/span><\/div><div class=\"magical-proportional-circles-chart__label-row\"><div class=\"magical-proportional-circles-chart__label\">Espa\u00f1a<\/div><div class=\"magical-proportional-circles-chart__value\">2%<\/div><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b508f1a elementor-widget elementor-widget-text-editor\" data-id=\"b508f1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Fuente: Morningstar. Datos a 31\/07\/2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e8ca5d9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e8ca5d9\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4dacfe3\" data-id=\"4dacfe3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d865339 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d865339\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-07040c8\" data-id=\"07040c8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-409bfdd elementor-widget elementor-widget-heading\" data-id=\"409bfdd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">COMPOSICI\u00d3N DE LA CARTERA\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51d7f6e elementor-widget elementor-widget-heading\" data-id=\"51d7f6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">AZAGALA CAPITAL<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba3f3b8 elementor-widget elementor-widget-text-editor\" data-id=\"ba3f3b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"lista-porcentajes\">\n\n  <div class=\"fila-item\">\n    <span class=\"icono\"><\/span>\n    <p><strong>Invertimos en peque\u00f1as compa\u00f1\u00edas que operan en sectores de nicho,<\/strong> que tienen o est\u00e1n construyendo activos \u00fanicos o muy dif\u00edciles de replicar y que son capaces de competir y crecer frente a sus competidores. Tratamos de incorporarlas a la cartera antes de que otros fondos m\u00e1s grandes las puedan comprar una vez que han multiplicado su precio muchas veces.<\/p>\n  <\/div>\n\n  <div class=\"fila-item\">\n    <span class=\"icono\"><\/span>\n    <p><strong>Invertimos desde un punto de vista de cr\u00e9dito<\/strong> y analizamos qu\u00e9 instrumento de capital nos proporciona m\u00e1s rentabilidad al menor riesgo (acciones, bonos, convertibles, opciones).<\/p>\n  <\/div>\n\n  <div class=\"fila-item\">\n    <span class=\"icono\"><\/span>\n    <p><strong>Invertimos en situaciones especiales<\/strong> que nos proporcionan revalorizaciones importantes con el m\u00ednimo nivel de riesgo.<\/p>\n  <\/div>\n\n  <div class=\"fila-item\">\n    <span class=\"icono\"><\/span>\n    <p><strong>Mantenemos un nivel de liquidez siempre disponible<\/strong> de 5\u201310%.<\/p>\n  <\/div>\n\n<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2552ae3\" data-id=\"2552ae3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ae9945 elementor-widget elementor-widget-heading\" data-id=\"1ae9945\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">PRINCIPALES ACTIVOS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df4cc6e elementor-widget elementor-widget-html\" data-id=\"df4cc6e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n        \/* ESTILOS WIDGET ELEMENTOR \u2014 Azagala 10 Mayores Posiciones *\/\n        .azagala-posiciones-widget {\n            font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, sans-serif;\n            width: 100%;\n            max-width: 680px;\n            margin: 0 auto;\n            color: #ffffff;\n            box-sizing: border-box;\n            background-color: transparent;\n            padding: 10px 0;\n        }\n\n        .azagala-main-header {\n            font-size: 13.5px;\n            font-weight: 400;\n            letter-spacing: 0.8px;\n            text-transform: uppercase;\n            color: #ffffff;\n            margin: 0 0 26px 0;\n        }\n\n        .azagala-sub-header {\n            font-size: 13px;\n            font-weight: 600;\n            letter-spacing: 0.6px;\n            text-transform: uppercase;\n            color: #ffffff;\n            margin: 0 0 16px 0;\n        }\n\n        .azagala-grid-2col {\n            display: grid;\n            grid-template-columns: 1fr 1fr;\n            gap: 0 32px;\n            width: 100%;\n            box-sizing: border-box;\n        }\n\n        .azagala-col {\n            display: flex;\n            flex-direction: column;\n            border-top: 1px solid rgba(255, 255, 255, 0.4);\n        }\n\n        .azagala-pos-item {\n            padding: 9px 0;\n            border-bottom: 1px solid rgba(255, 255, 255, 0.4);\n            font-size: 14px;\n            font-weight: 400;\n            color: #ffffff;\n            white-space: nowrap;\n            overflow: hidden;\n            text-overflow: ellipsis;\n            line-height: 1.3;\n        }\n\n        @media (max-width: 600px) {\n            .azagala-grid-2col {\n                grid-template-columns: 1fr;\n                gap: 0;\n            }\n            .azagala-col:last-child {\n                border-top: none;\n            }\n        }\n    <\/style>\n\n    <div class=\"azagala-posiciones-widget\">\n        <!-- T\u00edtulo principal -->\n        \n\n        <!-- Subt\u00edtulo -->\n        <div class=\"azagala-sub-header\">10 MAYORES POSICIONES EN CARTERA<\/div>\n\n        <!-- Tabla en 2 columnas -->\n        <div class=\"azagala-grid-2col\">\n            <!-- Columna 1 (Posiciones 1 a 5) -->\n            <div class=\"azagala-col\">\n                <div class=\"azagala-pos-item\">Nekkar ASA<\/div>\n                <div class=\"azagala-pos-item\">People Inc Ordinary shares<\/div>\n                <div class=\"azagala-pos-item\">Zegona Communications<\/div>\n                <div class=\"azagala-pos-item\">Clarus Corp<\/div>\n                <div class=\"azagala-pos-item\">Westaim Corp<\/div>\n            <\/div>\n\n            <!-- Columna 2 (Posiciones 6 a 10) -->\n            <div class=\"azagala-col\">\n                <div class=\"azagala-pos-item\">Triumph Financial Inc<\/div>\n                <div class=\"azagala-pos-item\">Swatch Group<\/div>\n                <div class=\"azagala-pos-item\">Ryanair<\/div>\n                <div class=\"azagala-pos-item\">Motorpoint Group<\/div>\n                <div class=\"azagala-pos-item\">Bollore<\/div>\n                \n            <\/div>\n        <\/div>\n    <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-071a9b3 elementor-widget elementor-widget-heading\" data-id=\"071a9b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">TIPOS DE ACTIVO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a49a79 elementor-widget elementor-widget-html\" data-id=\"0a49a79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\n        \/* ESTILOS WIDGET ELEMENTOR \u2014 Azagala Tipos de Activo *\/\n        .azagala-tipos-activo-widget {\n            font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, sans-serif;\n            width: 100%;\n            max-width: 580px;\n            color: #ffffff;\n            box-sizing: border-box;\n            border-radius: 4px;\n            position: relative;\n        }\n\n        .azagala-widget-header {\n            font-size: 13px;\n            font-weight: 500;\n            letter-spacing: 0.5px;\n            text-transform: uppercase;\n            color: #ffffff;\n            margin-bottom: 5px;\n        }\n\n        .azagala-svg-wrapper {\n            width: 100%;\n            display: flex;\n            justify-content: center;\n            align-items: center;\n        }\n\n        .azagala-svg {\n            width: 100%;\n            height: auto;\n            max-height: 340px;\n            display: block;\n            overflow: visible;\n        }\n\n        \/* Tipograf\u00edas dentro del SVG *\/\n        .svg-label-title {\n            font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, sans-serif;\n            font-size: 14px;\n            font-weight: 400;\n            fill: #ffffff;\n            letter-spacing: -0.1px;\n        }\n\n        .svg-label-val {\n            font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, \"Helvetica Neue\", Arial, sans-serif;\n            font-size: 14px;\n            font-weight: 700;\n            fill: #ffffff;\n        }\n\n        .svg-leader-line {\n            stroke: #ffffff;\n            stroke-width: 1;\n            fill: none;\n            stroke-linecap: square;\n            stroke-linejoin: round;\n        }\n\n        .azagala-slice {\n            cursor: pointer;\n            transition: opacity 0.2s ease;\n        }\n\n        .azagala-slice:hover {\n            opacity: 0.92;\n        }\n\n        @media (max-width: 480px) {\n            .azagala-tipos-activo-widget {\n                padding: 16px 12px;\n            }\n            .svg-label-title, .svg-label-val {\n                font-size: 12.5px;\n            }\n        }\n    <\/style>\n\n    <div class=\"azagala-tipos-activo-widget\">\n       \n\n        <!-- Contenedor del gr\u00e1fico SVG -->\n        <div class=\"azagala-svg-wrapper\">\n            <svg class=\"azagala-svg\" viewBox=\"0 0 540 320\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                <!-- Slices del gr\u00e1fico circular (Centro: 260, 185 | Radio: 100) -->\n                <g class=\"pie-slices\">\n                    <!-- Slice Acciones (83%) -->\n                    <path class=\"azagala-slice\"\n                        d=\"M 260.00 185.00 L 260.00 85.00 A 100 100 0 1 1 172.43 136.83 Z\"\n                        fill=\"#2277af\" stroke=\"#ffffff\" stroke-width=\"1\" stroke-linejoin=\"round\">\n                        <title>Acciones: 83%<\/title>\n                    <\/path>\n\n                    <!-- Slice Bonos (8%) -->\n                    <path class=\"azagala-slice\"\n                        d=\"M 260.00 185.00 L 172.43 136.83 A 100 100 0 0 1 206.42 100.57 Z\"\n                        fill=\"#f01da5\" stroke=\"#ffffff\" stroke-width=\"1\" stroke-linejoin=\"round\">\n                        <title>Bonos: 8%<\/title>\n                    <\/path>\n\n                    <!-- Slice Cash y opciones (9%) -->\n                    <path class=\"azagala-slice\"\n                        d=\"M 260.00 185.00 L 206.42 100.57 A 100 100 0 0 1 260.00 85.00 Z\"\n                        fill=\"#5296c0\" stroke=\"#ffffff\" stroke-width=\"1\" stroke-linejoin=\"round\">\n                        <title>Cash y opciones: 1%<\/title>\n                    <\/path>\n\n                    <!-- Contorno circular exterior blanco -->\n                    <circle cx=\"260\" cy=\"185\" r=\"100\" fill=\"none\" stroke=\"#ffffff\" stroke-width=\"1\" \/>\n                <\/g>\n\n                <!-- Callout 1: Cash y opciones (L\u00ednea que nace exactamente en el arco superior del Cash, sube y quiebra a la derecha) -->\n                <g class=\"callout-cash\">\n                    <polyline class=\"svg-leader-line\" points=\"233,89 233,52 365,52\" \/>\n                    <text x=\"240\" y=\"44\">\n                        <tspan class=\"svg-label-title\">Cash y opciones<\/tspan>\n                        <tspan class=\"svg-label-val\" dx=\"6\">1%<\/tspan>\n                    <\/text>\n                <\/g>\n\n                <!-- Callout 2: Bonos (L\u00ednea que nace exactamente en el arco exterior del Bono fucsia y va horizontal a la izquierda) -->\n                <g class=\"callout-bonos\">\n                    <polyline class=\"svg-leader-line\" points=\"187,116 95,116\" \/>\n                    <text x=\"95\" y=\"108\">\n                        <tspan class=\"svg-label-title\">Bonos<\/tspan>\n                        <tspan class=\"svg-label-val\" dx=\"6\">8%<\/tspan>\n                    <\/text>\n                <\/g>\n\n                <!-- Callout 3: Acciones (L\u00ednea que nace en el arco derecho de Acciones, sube en diagonal y quiebra a la derecha) -->\n                <g class=\"callout-acciones\">\n                    <polyline class=\"svg-leader-line\" points=\"357,211 374,194 465,194\" \/>\n                    <text x=\"376\" y=\"186\">\n                        <tspan class=\"svg-label-title\">Acciones<\/tspan>\n                        <tspan class=\"svg-label-val\" dx=\"6\">91%<\/tspan>\n                    <\/text>\n                <\/g>\n            <\/svg>\n        <\/div>\n    <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2e8d99c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2e8d99c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-b7544cf\" data-id=\"b7544cf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bac1dde elementor-widget elementor-widget-heading\" data-id=\"bac1dde\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Exposici\u00f3n por capitalizaci\u00f3n de mercado<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-81db4bb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"81db4bb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-143ed30\" data-id=\"143ed30\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3573814 elementor-widget elementor-widget-heading\" data-id=\"3573814\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">54%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86fe4b4 elementor-widget elementor-widget-text-editor\" data-id=\"86fe4b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">Microcap<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-5dab691\" data-id=\"5dab691\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7dfcc3 elementor-widget elementor-widget-heading\" data-id=\"b7dfcc3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">21%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62abe31 elementor-widget elementor-widget-text-editor\" data-id=\"62abe31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">Smallcap<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-70318c3\" data-id=\"70318c3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-333fdd0 elementor-widget elementor-widget-heading\" data-id=\"333fdd0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">17%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f855be elementor-widget elementor-widget-text-editor\" data-id=\"6f855be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">Mediumcap<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-893cf8d\" data-id=\"893cf8d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9bea5b4 elementor-widget elementor-widget-heading\" data-id=\"9bea5b4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">8%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2587b66 elementor-widget elementor-widget-text-editor\" data-id=\"2587b66\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">Largecap<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-20 elementor-inner-column elementor-element elementor-element-81ad30b\" data-id=\"81ad30b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9a4a455 elementor-widget elementor-widget-heading\" data-id=\"9a4a455\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">0%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55b8969 elementor-widget elementor-widget-text-editor\" data-id=\"55b8969\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">Giantcap<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-96cb428 elementor-widget elementor-widget-text-editor\" data-id=\"96cb428\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Fuente: Morningstar. Datos a 31\/07\/2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9a03b4d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9a03b4d\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7bd402f\" data-id=\"7bd402f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c234ee4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c234ee4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-58ea45c\" data-id=\"58ea45c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bf9bcc4 elementor-widget elementor-widget-heading\" data-id=\"bf9bcc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">NUESTRO PRODUCTO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-3cc9d2b elementor-widget elementor-widget-heading\" data-id=\"3cc9d2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Markhor FIL<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-47d514c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"47d514c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-811c23f\" data-id=\"811c23f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3a22dc5 elementor-widget elementor-widget-image\" data-id=\"3a22dc5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"485\" height=\"609\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/01\/AZ_EN25_4.png\" class=\"attachment-full size-full wp-image-4161\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/01\/AZ_EN25_4.png 485w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2025\/01\/AZ_EN25_4-239x300.png 239w\" sizes=\"(max-width: 485px) 100vw, 485px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-487ab31\" data-id=\"487ab31\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6335cf5 elementor-widget elementor-widget-text-editor\" data-id=\"6335cf5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h4 class=\"text-white-medium text-color-gray\">Fondo de inversi\u00f3n libre con la misma filosof\u00eda de inversi\u00f3n en Azagala, pero que permite concentrar la cartera para aprovechar la desconexi\u00f3n entre cotizaci\u00f3n y valoraci\u00f3n en empresas peque\u00f1as, desconocidas y sin analistas que las cubran.<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f43ff5 elementor-widget elementor-widget-html\" data-id=\"7f43ff5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"lista-porcentajes-2\">\n<div class=\"fila-item\">\n<span class=\"icono\"><\/span>\n<p style=\"color: #545c61;\">Cartera concentrada en 8\u201310 posiciones.<\/p>\n<\/div>\n<div class=\"fila-item\">\n<span class=\"icono\"><\/span>\n<p style=\"color: #545c61;\">Al alcanzar 10M \u20ac por aportaciones o revalorizaci\u00f3n el fondo se cerrar\u00e1.<\/p>\n<\/div>\n<div class=\"fila-item\">\n<span class=\"icono\"><\/span>\n<p style=\"color: #545c61;\">Inversores profesionales o minoristas con un m\u00ednimo de 100k \u20ac.<\/p>\n<\/div>\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e4f727 elementor-widget elementor-widget-html\" data-id=\"4e4f727\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#545C61;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        1,5<span style=\"font-size:25px\">%<\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#545C61;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:600\">Comisi\u00f3n de gesti\u00f3n<br>\n    <span style=\"color:#767676;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/span><\/p>\n<\/div>\n<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#545C61;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        10<span style=\"font-size:25px\">%<\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#545C61;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:600\">Comisi\u00f3n de \u00e9xito<br>\n    <span style=\"color:#545C61;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/span><\/p>\n<\/div>\n\n\n<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#545C61;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        17,91<span style=\"font-size:25px\">%<\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#545C61;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:600\">Rentabilidad 2024*<br>\n    <span style=\"color:#545C61;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/span><\/p>\n<\/div>\n\n<div class=\"tercio\"> \n    <img decoding=\"async\" class=\"banda\" alt=\"banda\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/banda.png\" style=\"max-width:50px\">\n    <p style=\"\n    color:#545C61;margin-top:20px;\n    font-size:50px!important; \n    font-family:'Gesfund'!important;\">\n        27,59<span style=\"font-size:25px\">%<\/span><\/p>\n    <p style=\"\n    padding-left:30px;margin-top:-20px;color:#545C61;\n    font-size:16px!important; \n    font-family:'Gesfund'!important; font-weight:600\">Rentabilidad 2025<br>\n    <span style=\"color:#545C61;\n    font-size:12px!important; \n    font-family:'Gesfund'!important; font-weight:300\"><\/span><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54b3c96 elementor-widget elementor-widget-text-editor\" data-id=\"54b3c96\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>*La fecha de alta del fondo fue el 07\/06\/2024 y se empez\u00f3 a formar la cartera en julio del 2024. <br \/>Fuente: Andbank. Datos a 31\/07\/2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ef61b9c elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"ef61b9c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c07155\" data-id=\"3c07155\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a69c7ce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a69c7ce\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fa47dec\" data-id=\"fa47dec\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41556a3 elementor-widget elementor-widget-image\" data-id=\"41556a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/AZAGALA.jpg\" class=\"attachment-full size-full wp-image-1117\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/AZAGALA.jpg 1200w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/AZAGALA-300x169.jpg 300w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/AZAGALA-1024x576.jpg 1024w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/AZAGALA-768x432.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f62d009\" data-id=\"f62d009\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed6096b elementor-widget elementor-widget-heading\" data-id=\"ed6096b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CONTENIDO MULTIMEDIA. FORMACI\u00d3N\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d3c2f21 tablaa elementor-widget elementor-widget-html\" data-id=\"d3c2f21\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<table>\r\t<tbody>\r\t\t<tr>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=dRFizqOKyx8\"target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-22.png\" alt=\"icono_play\"><\/a><\/td>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=dRFizqOKyx8\" target=\"_blank\">Entrevista a Daniel Tello<\/td>\r\t\t<\/tr>\r\t\t<tr>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=s5L74HYbPxM\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-22.png\" alt=\"icono_play\"><\/a><\/td>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=s5L74HYbPxM\" target=\"_blank\">Invirtiendo en empresas invirtiendo en cr\u00e9dito<\/a><\/td>\r\t\t<\/tr>\r\t\t<tr>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=U_8fLsb5rlg&t=353s\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-22.png\" alt=\"icono_play\"><\/a><\/td>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=U_8fLsb5rlg&t=353s\" target=\"_blank\">La ventaja de invertir un paso por delante de la mayor\u00eda<\/a><\/td>\r\t\t<\/tr>\r\t\t<tr>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=DR-x-EYN4HY\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-22.png\" alt=\"icono_play\"><\/a><\/td>\r\t\t\t<td><a href=\"https:\/\/www.youtube.com\/watch?v=DR-x-EYN4HY\" target=\"_blank\">\u00bfQu\u00e9 es invertir en empresas de nicho?<\/a><\/td>\r\t\t<\/tr>\r\t<\/tbody>\r<\/table>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-16def6d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"16def6d\" data-element_type=\"section\" data-e-type=\"section\" id=\"contacto\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c4f27fb\" data-id=\"c4f27fb\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ed40f9b elementor-widget elementor-widget-heading\" data-id=\"ed40f9b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CONTACTO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f9c93c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f9c93c2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f646fcf\" data-id=\"f646fcf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c41b634 elementor-widget elementor-widget-heading\" data-id=\"c41b634\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Si quiere informaci\u00f3n o contratar este fondo, puede hacerlo en:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15e8ec9 elementor-widget elementor-widget-text-editor\" data-id=\"15e8ec9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\"><strong>Tel:\u00a0<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><span class=\"s2\"><a href=\"tel:900255256\" target=\"_blank\" rel=\"noopener\">900 255 256<\/a>\u00a0\/\u00a0<\/span><a style=\"background-color: #ffffff;\" href=\"tel:910005937\" target=\"_blank\" rel=\"noopener\">91 000 59 37<\/a><\/p>\n<p class=\"p1\"><strong><span class=\"s1\">E-mail:\u00a0 \u00a0<\/span><\/strong><a href=\"mailto:contactenos@andbank.es\"><span class=\"s2\">contactenos@andbank.es<\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-486bb65\" data-id=\"486bb65\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-97db6fe elementor-widget elementor-widget-image\" data-id=\"97db6fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"215\" height=\"37\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/10\/andbank-15.svg\" class=\"attachment-large size-large wp-image-36\" alt=\"logo andbank\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a4479c elementor-align-center elementor-widget elementor-widget-button\" data-id=\"1a4479c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"https:\/\/andbank.es\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Comprar<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-235c522\" data-id=\"235c522\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-efcb730 elementor-widget elementor-widget-image\" data-id=\"efcb730\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"211\" height=\"43\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/10\/andbank-16.svg\" class=\"attachment-large size-large wp-image-37\" alt=\"logo my investor\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8ed220 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"b8ed220\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"https:\/\/myinvestor.es\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Comprar<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ba4da3 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7ba4da3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac2d83f elementor-widget elementor-widget-text-editor\" data-id=\"ac2d83f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"p1\"><span class=\"s1\">Esta publicaci\u00f3n y su contenido no constituyen una oferta, invitaci\u00f3n o solicitud de compra, venta o suscripci\u00f3n de valores u otros instrumentos, ni constituye una recomendaci\u00f3n personal.\n<\/span><span class=\"s1\">Tiene disponible de forma gratuita y accesible para su consulta toda la informaci\u00f3n acerca de los productos de inversi\u00f3n (KIID, informe semestral, folleto, DFI, reglamento de gesti\u00f3n y cuentas anuales) en la p\u00e1gina web de la gestora Andbank Wealth Management SGIIC, S.A.U.: <a style=\"color: #545c61;\" href=\"https:\/\/www.andbank.es\/andbank-wealth-management\/fondos\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.andbank.es\/andbank-wealth-management\/fondos\/<\/a>\u00a0<\/span><span class=\"s1\">y en la p\u00e1gina web de la CNMV:<\/span> <span class=\"s2\"><a style=\"color: #545c61;\" href=\"http:\/\/www.cnmv.es\">www.cnmv.es<\/a><\/span><span class=\"s1\">.<\/span><b>\n<\/b><span class=\"s1\">Es importante que consulte y conozca dicha informaci\u00f3n, as\u00ed como los riesgos inherentes al producto. Le recordamos que: rentabilidades pasadas no implican ni presuponen rentabilidades futuras y que toda inversi\u00f3n en mercados financieros conlleva un riesgo, incluido el potencial riesgo de p\u00e9rdida parcial o total del capital invertido o el de ausencia de rentabilidad. El nivel de riesgo y la informaci\u00f3n espec\u00edfica de cada uno de los Fondos de Inversi\u00f3n o SICAV est\u00e1n detallados en el Folleto Informativo o Documento de Datos Fundamentales para el Inversor (DFI) disponible en la p\u00e1gina web de Andbank Wealth Management (<a style=\"color: #545c61;\" href=\"https:\/\/www.andbank.es\/andbank-wealth-management\/fondos\/\">https:\/\/www.andbank.es\/andbank-wealth-management\/fondos\/<\/a>) y en la p\u00e1gina web de la Comisi\u00f3n Nacional del Mercado de Valores (<a style=\"color: #545c61;\" href=\"http:\/\/www.cnmv.es\">www.cnmv.es<\/a>).\nLa inversi\u00f3n en mercados financieros conlleva, entre otros: riesgo de mercado, de liquidez, de tipos de inter\u00e9s, de tipo de cambio, de inversi\u00f3n en pa\u00edses emergentes; as\u00ed como concentraci\u00f3n geogr\u00e1fica y sectorial. Estos riesgos pueden representar la p\u00e9rdida parcial o total del capital invertido, o ausencia de rentabilidad. El nivel del riesgo del fondo es de car\u00e1cter indicativo y est\u00e1 calculado bas\u00e1ndose en datos hist\u00f3ricos que pueden no constituir un indicador fiable del futuro perfil de riesgo. No existen garant\u00edas de que la categor\u00eda indicada vaya a permanecer inalterada y que esta puede variar a lo largo del tiempo.\nAndbank Wealth Management se encuentra adscrita al Fondo de Garant\u00eda de Inversi\u00f3n (FOGAIN) y sujeta a supervisi\u00f3n por parte del Banco de Espa\u00f1a y de la CNMV. Puede obtener informaci\u00f3n adicional sobre los supuestos y formas de reclamar la garant\u00eda, as\u00ed como su alcance <\/span><a style=\"color: #545c61;\" href=\"https:\/\/www.andbank.es\"><span class=\"s2\">https:\/\/www.andbank.es<\/span><\/a><span class=\"s1\">. Andbank Wealth Management, S.G.I.I.C., S.A.U. \u2022 CIF: A-78567153 \u2022 Calle Serrano, 37 &#8211; 1\u00aa \u2022 Registro Mercantil de Madrid: Tomo 31.045, Folio 5, Secci\u00f3n 8\u00aa, Hoja M-558.774 \u2022 Registro de Sociedades Gestoras de Instituciones de Inversi\u00f3n Colectiva de la CNMV: n\u00ba 237.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-81bba26 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"81bba26\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-c1452bc\" data-id=\"c1452bc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-684b0e3 elementor-widget elementor-widget-image\" data-id=\"684b0e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"685\" height=\"181\" src=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-01.png\" class=\"attachment-large size-large wp-image-1061\" alt=\"\" srcset=\"https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-01.png 685w, https:\/\/andbank.es\/boutiquehub\/wp-content\/uploads\/2022\/12\/iconos-azagala-01-300x79.png 300w\" sizes=\"(max-width: 685px) 100vw, 685px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-00cae08\" data-id=\"00cae08\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a61ef58 elementor-widget elementor-widget-heading\" data-id=\"a61ef58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">enlaces legales<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-13d5718 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"13d5718\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-59e1b84\" data-id=\"59e1b84\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-11393e6 elementor-widget elementor-widget-text-editor\" data-id=\"11393e6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.andbank.es\/informacion-legal\/transparencia-bancaria\/\" target=\"_blank\" rel=\"noopener\">Aviso legal<\/a><\/p><p><a href=\"https:\/\/andbank.es\/boutiquehub\/cookies\" target=\"_blank\" rel=\"noopener\">Pol\u00edtica de cookies<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1c8edcc\" data-id=\"1c8edcc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9928649 elementor-widget elementor-widget-text-editor\" data-id=\"9928649\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.andbank.es\/wp-content\/uploads\/2023\/04\/Politica_Privacidad.pdf\" target=\"_blank\" rel=\"noopener\">Pol\u00edtica de privacidad clientes<\/a><\/p><p><a href=\"https:\/\/www.andbank.es\/wp-content\/uploads\/2023\/01\/Clausula-Proteccion-de-Datos-Andbank-POTENCIALES-151222.pdf\" target=\"_blank\" rel=\"noopener\">Pol\u00edtica de privacidad no clientes<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-4297ac3\" data-id=\"4297ac3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4139e68 elementor-widget elementor-widget-heading\" data-id=\"4139e68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CONTACTO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7452bc4 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"7452bc4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"tel:900255256\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-phone\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">900 255 256 \/ 91 000 59 37<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"mailto:andbank.wealthmanagement@andbank.es\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-envelope\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">andbank.wealthmanagement@andbank.es<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Descubre Azagala en Andbank: estrategia de inversi\u00f3n global enfocada en la preservaci\u00f3n y crecimiento de tu patrimonio a largo plazo. \u00a1Inf\u00f3rmate!<\/p>\n","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"footnotes":""},"class_list":["post-1057","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/pages\/1057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/comments?post=1057"}],"version-history":[{"count":277,"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/pages\/1057\/revisions"}],"predecessor-version":[{"id":13710,"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/pages\/1057\/revisions\/13710"}],"wp:attachment":[{"href":"https:\/\/andbank.es\/boutiquehub\/wp-json\/wp\/v2\/media?parent=1057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}