AVI Global sees 'fertile hunting ground' in UK investment trust sector

Driven by discounts at GFC levels

Elliot Gulliver-Needham
clock • 2 min read

AVI Global Trust is seeing “fertile hunting ground” in the UK investment trust sector, as it pushes to take an activist approach to narrow its wide discounts.

About 30% of the trust's portfolio is invested in UK investment investment trusts, which are facing the widest discounts since the depths of the Global Financial Crisis. According to the Association of Investment Companies, the average discount across all investment trust sectors stood at 16.9% at the end of October, the widest discount for a month-end since December 2008, when it reached 17.7%, according to data from Morningstar. In its annual results released today (10 November), the managers said they are excited about opportunities in the sector where they can add value as an "eng...

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