AVI Global Trust (AGT)’s NAV rose by +1.9% in June, driven by underlying NAV growth. Currencies were a minor contributor over the month. The portfolio discount was unchanged at 33.3%. Major contributors included Fondul Proprietatea, EXOR, Wendel and Oakley Capital Investments; detractors included Tetragon Financial, JPEL Private Equity and the Japan Special Situations basket.
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’