AVI Global Trust: finding value in uncertain times

The £1.2 billion AVI Global Trust (LSE: AGT) is part of the “Global” investment trust sector, but in practice sits in its own niche. It focuses on finding “companies whose share prices stand at a discount to estimated underlying net asset value” and runs a fairly concentrated portfolio. At the end of September, the top-ten holdings accounted for 50.6% of assets, with 45 holdings overall.MoneyWeek added AVI Global Trust to its investment trust portfolio in 2023. We liked AGT for its glob