| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 130.86 | -50 |
| Intrinsic value (DCF) | 96.84 | -63 |
| Graham-Dodd Method | 3.49 | -99 |
| Graham Formula | 23.70 | -91 |
AVI Global Trust plc (AGT.L) is a UK-based closed-ended equity mutual fund managed by Asset Value Investors Limited, focusing on global public equity markets. With a history dating back to 1889, the fund employs a value-oriented investment strategy, targeting undervalued stocks across diversified sectors and market capitalizations. AGT.L emphasizes fundamental analysis, seeking companies trading at discounts to net asset value, with strong balance sheets and appreciation potential. The fund benchmarks against indices like the MSCI All Country World ex-US Index and Morningstar Investment Trust Global Index. Formerly known as British Empire Trust Plc, AVI Global Trust operates in the Financial Services sector, specifically in global asset management, catering to investors seeking diversified exposure to undervalued global equities. Its long-standing presence and disciplined value approach make it a notable player in the investment trust space.
AVI Global Trust plc offers investors exposure to a diversified portfolio of undervalued global equities, leveraging a disciplined value investment strategy. The fund's focus on companies trading below net asset value and strong balance sheets provides a margin of safety, while its global mandate ensures diversification. With a market cap of approximately £980 million and a beta of 0.93, AGT.L exhibits lower volatility relative to broader markets, appealing to risk-averse investors. The fund's revenue of £149.2 million and net income of £142.7 million in the latest period indicate solid performance, supported by a dividend yield of 3.75p per share. However, as a closed-ended fund, its performance is subject to discount/premium fluctuations to NAV, and its reliance on value investing may underperform in growth-dominated markets. Investors should weigh its long-term value approach against market cyclicality.
AVI Global Trust plc differentiates itself through a strict value investing philosophy, targeting global equities trading at discounts to intrinsic value. Its competitive edge lies in its bottom-up stock selection, focusing on balance sheet strength and asset quality, which can provide downside protection. The fund's long-term horizon and ability to invest across market caps and sectors enhance its flexibility. However, its performance is highly dependent on the efficacy of its value strategy, which may lag during growth-driven market rallies. Compared to peers, AGT.L's closed-ended structure allows for patient capital deployment without redemption pressures, but it also means share price performance can deviate from NAV due to investor sentiment. The fund's benchmark-agnostic approach may appeal to investors seeking absolute returns, but its success hinges on the manager's ability to consistently identify mispriced assets in a competitive global market.