AVI Global Trust (formerly British Empire Trust : BTEM) has an objective to achieve capital growth through a focused global portfolio of investments, particularly in companies whose share prices stand at a discount to estimated underlying net asset value. The latter point means it tends to favour companies with significant asset backing like investment companies, property and family holding companies.
Managed by AVI
Asset Value Investors or AVI is an international equity boutique founded in 1985. Based in London, AVI is majority-owned by employees and regulated by FCA in the UK and in the US by the SEC . The company has £1,125m assets under management with £186m in Japan. AVI also manages AVI Japan Opportunities Trust (AJOT).
We have published notes which explain how the fund works:
“An historic opportunity“, published on 21 November 2023, highlights the size of the trust’s double discount
“Doubly blessed“, published on 8 March 2023, looks at the attractions of AVI Global’s double discount
“Bargain hunting“, published on 20 May 2022, looks at the opportunities presented by the general market sell-off
“Focused high conviction portfolio“, published 5 August 2021, updates on changes to AVI Global’s investments over the first half of 2021
“Double discount on quality-focused portfolio“, published on 25 January 2021, seeks to explain the workings of the fund in some detail.
The fund’s website can be found here.
AGT : AVI Global Trust
You can view our interviews with the company’s Fund Managers below:
9th September 2022: Joe Bauernfreund – Weekly Show