Vantage: AVI Global Trust – finding value in areas overlooked by other investors

In this new Vantage interview, Edison’s Neil Shah speaks with Joe Bauernfreund, who manages AVI Global Trust (AGT). Bauernfreund provides an introduction to the fund and highlights the three types of investment within the portfolio: holding companies, closed-end funds and asset-backed special situations. He discusses the importance of active engagement with management teams before moving on to talk about opportunities in Japan and South Korea due to corporate culture changes. Bauernfreund also discusses the trust’s long- and short-term performance and some specific features, which provide a differentiated exposure to global equities.

AGT is a global equity fund that aims to generate capital growth from a portfolio of companies that are trading at a discount to their estimated net asset values.