AVI Global Trust (AGT)’s NAV was flat in October (+0.02%); a 1% tightening of the portfolio discount (to 34%) provided a tailwind for returns over the month. Major contributors included Sony Corp, SoftBank Group, Jardine Strategic, and VNV Global. Major detractors included Godrej Industries, Investor AB, 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’