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Finding undiscovered value among high quality assets

Investing primarily into family controlled holding companies, closed-end funds and asset backed companies.

Seeking long-term capital growth by following a distinct, value orientated approach which has been in place since 1985

Offering a range of products to suit the needs of our investor base

Our goals is to achieve attractive long-term returns by:

#1
Investing into a concentrated portfolio of stocks
#2
Following our distinctive long-only, value, bottom up investment style
#3
Seeking out good quality, neglected securities trading at a discount to their NAV
#4
Active involvement to improve shareholder value
#5
Offering a contrarian benchmark agnostic bias
#6
Provide diversification due to the nature of our holdings

AVI's Funds

AVI Global Trust plc

Established in 1889, the Company’s investment objective is to achieve capital growth through a focused portfolio of investments, particularly in companies whose shares stand at a discount to estimated underlying net asset value. The Company has followed AVI’s distinct investment style since 1985 to achieve superior long term returns.

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AVI Japan Opportunity Trust

AVI Japan Opportunity Trust (“A JOT” or “the Company”) invests in a focussed portfolio of over-capitalised small-cap Japanese equities. Asset Value Investors will leverage its three decades of experience investing in asset-backed companies to engage with company management and help to unlock value in this under-researched area of the market.

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AVI Family Holding Companies Fund

The AVI Family Holding Companies Fund (the “Fund”) is an Irish Qualifying Investor Alternative Investment Fund (QIAIF). The Fund invests into listed family-backed holding companies globally taking advantage of the inefficiencies in holding company structures.

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About us

AVI was established in 1985 to manage the assets of one of the oldest listed investment companies in London. Our distinctive approach of investing in family-controlled holding companies, closed-end funds and asset back situations is still a unique combination over 35 years later.

Today AVI manages over £1.2bn across all its products.

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AVI strives to identify valuation anomalies and focusing on investing where the market price does not reflect the estimated intrinsic value.

Our aim is to deliver long-term return returns with relatively low volatility by:

#1
Investing in companies and funds trading on a discount to their net asset value
#2
Identifying good quality underlying assets with appreciation potential at compelling values
#3
Offering a specialist bottom-up research driven approach
#4
Employing over three decades of investment experience to look for catalysts to narrow discounts
#5
Actively engaging with management and Boards to release hidden value
#6
Taking a long term benchmark agnostic approach

Our approach to value investing

  • We aim to buy companies trading at a discount to NAV
  • We are benchmark agnostic
  • We look for catalysts to narrow the discount
 

We monitor

  • 100+
    European Holding Companies
  • 100+
    Asian Holding Companies
  • 650+
    Closed-end Funds
  • 100+
    Japanese asset-backed companies
  • 100+
    Other asset-backed situations

Detailed models for c.400 companies

100+
European holding companies

Family-controlled holding companies

100+
Asian holding companies

Family-controlled holding companies

650+
Closed-end funds

Listed closed-end funds, majority London-listed

100+
Japanese asset-backed companies

Heavily over-capitalised operating companies with significant cash and security backing

100+
Other asset-backed situations

South American, US and African holding companies, as well as property companies

Read more about our process