AVI Global Trust (AGT)’s NAV fell by -0.1%, with underlying NAV gains and a tightening of the portfolio discount (37% to 35%) outweighed by a strengthening of sterling against most major currencies. Major contributors included Kinnevik, SoftBank Group, and Oakley Capital Investments. Major detractors included the Japan Special Situations basket, Godrej Industries and Jardine Strategic.
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’