AVI Global Trust (AGT)’s NAV fell by -8.9% in February as global markets sold off in response to the spread of Coronavirus. The decline was driven both by NAV declines and a widening of the portfolio discount from 32% to 36%, with sterling strength softening some of the losses. Contributors over the month include Vietnam Phoenix ‘C’, Swire Pacific ‘B’ and JPEL Private Equity. Major detractors include the Japan Special Situations basket, Oakley Capital Investments, Sony Corp and Pershing Square Holdings.
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’
The website is directed only at Professional Clients in the UK. The website is issued by Asset Value Investors Limited (“AVI”), in respect of AVI Global Trust plc (“AVI Global”). AVI is authorised and regulated by the UK Financial Conduct Authority (“FCA”). AVI Global is a public company listed and traded on the London Stock Exchange.
You agree that we may contact you about our products and services that we believe you might be interested in.
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.