Investment Trusts
AVI Global Trust is a global investment trust pursuing long-term capital growth through a concentrated value-oriented portfolio. It often invests in holding companies, investment companies and other businesses whose market price is judged to be below the value of their underlying assets.
Selects global equities and asset-backed investment opportunities, seeking value from discounts to estimated net asset value. The manager may engage with portfolio companies to encourage capital allocation, governance or structural changes.
Global equity markets, with holdings selected across developed and selected emerging markets according to valuation opportunities rather than a fixed regional allocation.
Growth in underlying net asset values, narrowing discounts, corporate actions, improved capital allocation, manager activism, equity-market performance, currency movements and the trust's own discount to net asset value.
Discounts remaining wide for long periods, value traps, concentrated positions, market falls, currency movements, governance problems at holdings, activist strategies failing and the trust trading below net asset value.
4 June 2026: half-year results showed a difficult six months for performance relative to the benchmark. The trust continued active discount management, buying back about 10.3m shares for roughly £26.6m during the period.
Pays semi-annually, although capital growth remains the main objective. The 2025 final dividend of 3.0p went ex-dividend on 27 November 2025 and was paid on 2 January 2026. The 2026 interim dividend of 1.5p went ex-dividend on 25 June and was paid on 24 July.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.