AVI Global Trust (AGT)’s NAV gained +3.1% in April, driven primarily by growth in underlying net asset values. Portfolio discount tightening and sterling weakness both provided a minor boost to returns. Significant contributors included Christian Dior, KKR, and Third Point Investors. Detractors included Sony Group, Godrej Industries and Naspers.
AVI Global Trust p.l.c is referred to as ‘AVI Global’ throughout the website. AVI Global’s investment managers, Asset Value Investors are referred to as ‘AVI’