Research from QuotedData
AVI Global Trust - Research from QuotedData
20th May 2022
Bargain hunting
After a strong run of both absolute and relative performance (see page 16), AVI Global Trust (AGT) faces twin headwinds of widening discounts within its underlying portfolio - as holdings' share prices move further below their underlying net asset value - and a widening discount on its own shares.
The manager has been cautious on markets, eliminating the trust's gearing (borrowing) at the end of 2021. That gives it the firepower to take advantage of some of the bargains being thrown up by current events. The manager believes that when markets settle, discounts will start to narrow again to AGT's benefit.
Our note describes AGT's investment process, how it is invested currently, and goes into more detail on some of the larger holdings within the portfolio.
Full research:
https://quoteddata.com/research/avi-global-trust-bargain-hunting-qd/
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