August was a tough month for many of our portfolio companies. The ongoing US – China trade war continues to weigh on sentiment. However, many of our companies have suffered seemingly irrational share price falls which appear to be more about liquidity and market inefficiency than fundamentals.
AVI Japan Opportunity Trust p.l.c is referred to as ‘AJOT’ throughout the website. AJOT’s investment managers, Asset Value Investors are referred to as ‘AVI’