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Associated equity: AVI Global Trust
AGT’s investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount toestimated underlying netasset value.
AVI Global Trust — 1 video in collection
Edison’s investment companies team recently published an initiation report on AVI Global Trust (ticker: AGT), which has generated long-term annual NAV growth of 11.6%. It has been managed by Joe Bauernfreund at Asset Value Investors since September 2015. He seeks high-quality companies that are trading at a considerable discount to their estimated intrinsic values, where there is an identifiable catalyst for a discount to meaningfully narrow, or close completely. The manager is currently finding a wealth of interesting investment opportunities. AVI Global Trust’s portfolio is a mix of undervalued holding companies, closed-end funds and asset-backed special situations, which are niche areas of the market that can be inefficiently priced as they are generally overlooked by other investors. Engagement with corporate management teams is an integral part of the investment process.
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