AVI Global Trust (AGT)’s NAV returned +0.2% in November. Wacom, Sony, Fondul Proprietatea and Pasona were the largest contributors. FEMSA, IAC and EXOR detracted from returns. The portfolio weighted average discount narrowed marginally from 27.4% to 26.6%.
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’