D'Ieteren was the most significant detractor shaving - 106bps from returns. We discuss this below having materially added to the position such that it is now an 8.2% weight. Other notable detractors included News Corp (-60bps), Aker (-40bps) and Partners Group Private Equity (-38bps).

View the Sept 2024 Factsheet here

//About us: Asset Value Investors (“AVI”) have been investing in Japan for three decades. AVI focuses on undervalued companies with resilient and growing earnings that investors overlook due to non-fundamental factors.

AVI Global Trust p.l.c is referred to as ‘AGT’ throughout the channel. AGT's investment managers, Asset Value Investors are referred to as ‘AVI’

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