AVI Global Trust (AGT)’s NAV fell -0.3% in January. NAV growth over the month was moderated by a wider portfolio discount (30% to 32%) and sterling strength. The most significant contributors to returns included Aker, Naspers, Fondul Proprietatea and Third Point Investors; detractors included the Japan Special Situations basket, EXOR and VNV Global.
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’