Welcome to Away from the Index: Investing Off the Beaten Track: a MoneyWeek webinar originally broadcast live from the London Stock Exchange on October 16th, featuring the team behind Asset Value Investors’ AVI Global Trust (AGT).
In conversation with MoneyWeek’s editor-in-chief Andrew van Sickle, guests Joe Bauernfreund, CEO and CIO of AVI, and Wilfrid Craigie, senior investment analyst at AVI, bring their wealth of experience in uncovering hidden gems, and share real-world case studies demonstrating how their work has unlocked value and contributed to AGT’s superior long-term returns.
Watch this session to discover how AGT builds a portfolio that looks nothing like the index but has a long term track record of outperforming the benchmark, and to hear directly from the trust’s experts on how they are navigating global markets and where they're finding value today. Learn how they identify under-researched companies and structures with long-term potential, the importance of asset backing, governance reform and shareholder alignment, why an active approach matters in today’s environment, and what sets them apart in terms of research depth, portfolio construction, and engagement.
Their distinctive, contrarian approach is more valuable now than ever. With the stock market at unprecedented levels of over-concentration, onlookers from Jamie Dimon to the Bank of England are sounding the alarm about the risks of following a passive, index-led strategy. AGT has a demonstrable track record of idiosyncratic investing; not following the crowd, but actively identifying underpriced opportunities to create truly diversified, differentiated portfolios.
Founded in 1889, AVI Global Trust is one of the six investment trusts in MoneyWeek’s portfolio of investment trusts, and despite the ever-changing macro environment has generated annualised returns of over 11%* since Asset Value Investors took over management of the trust in 1985. The trust invests in often-overlooked opportunities, such as holding companies and close-ended funds, in order to identify cascading value opportunities that others miss.
*as at 30th September 2025. Past performance should not be seen as an indication of future performance. The value of your investment may go down as well as up and you may not get back the full amount invested.
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Inheritance tax pension reforms will delay payments to grieving families and the taxmanThe government is pressing ahead with plans to charge inheritance tax on pensions but there are warnings that it will be harder for executors to administer an estate and pay HMRC
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More than a million pensioners set to be hit by tax on savings accountsA combination of higher interest rates and frozen tax thresholds is dragging more people into paying tax on their cash savings
