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’
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The price of the Shares will be determined by supply and demand in the market as well as NAV per Share. The market price of the Shares is therefore likely to fluctuate and may represent either a premium or discount to NAV per Share.