AVI Global Trust (AGT)’s NAV rose by +6% in August, driven by a combination of underlying NAV gains and a tightening of the portfolio discount (35% to 34%). Sterling strength against most major currencies was a minor headwind. Major contributors included the Japan Special Situations basket, Pershing Square Holdings, VNV Global, Kinnevik and Godrej Industries.
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’