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AVI Global Trust PLC on Thursday posted a rising total return per share while the total return of its benchmark, the MSCI All Country World ex-US Total Return Index, fell.
In the half-year ended March 31, AVI's net asset value per share posted at total return of 1.3%, while its benchmark's total return fell by 1.4%.
The firm declared an interim dividend of 1.20 pence per share, unchanged from a year ago.
Avi Global is an Exeter, England-based investor in family-controlled holding companies, closed-end funds and asset-backed opportunities.
Net asset value rose to 221.19 pence per share at March 31 from 207.61p a year ago. This is different from the net value per asset of 1,038.07 pence it reported a year ago for March 31, 2021, as a result of a sub-division of its shares. In January 2022, the firm completed a sub-division of each ordinary share of 10 pence each into five ordinary shares of 2 pence each, resulting in a lower net asset value per share.
The firm calls the world unpredictable, citing the pandemic and the new war in Europe. ‘The major issue looking forward is energy and food price inflation adding to supply chain issues resulting from the pandemic,’ it explained.
AVI's focus on ‘high quality investments’ with ‘proven effective in protecting shareholders from the worst excesses of market volatility,’ the company added. The company expects that it will generate long-term attractive returns.
AVI Global Trust shares were 0.2% lower at 191.77 pence each in London on Thursday morning.
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