AVI
AVI Japan Opportunity Trust
Japan Opportunistic
Oct 2025 → Oct 2026
Our archive holds 8 letters from this strategy, behind 4 investment theses and positions in 9 companies. Every quote below is copied verbatim from the letter it came from.
8 letters in 2 years · follow all of AVI for every strategy.
Performance
as of Sep 30, 2026 · net of fees · GBP · NAV p/s
- YTD+8.1%index +23.4%
- 1Y+5.2%index +24.8%
Index: MSCI Japan Small Cap
| YTD | 1Y | |
|---|---|---|
| AVI Japan Opportunity Trust | +8.1% | +5.2% |
| MSCI Japan Small Cap | +23.4% | +24.8% |
Calendar years
- 2025+14.7%index +19.8%
- 2024+20.9%index +6.2%
- 2023+15.8%index +6.9%
- 2022−4.3%index −1.0%
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Added to the portfolio in April 2024, the company accounted for 5.6% of AJOT’s NAV at month-end.
Added to the portfolio in December 2025, Foster accounted for 7.2% of AJOT’s NAV at month-end.
Added to the portfolio in July 2024, the company accounted for 11.4% of AJOT’s NAV at month-end.
Also held
Its investment theses
- Broadmedia CorporationOct 2026Broadmedia is a diversified Japanese services group focused on education and technology whose portfolio simplification and capital strategy review led to a take-private tender offer from NSSK at a 23.95% premium.
- Ines CorporationOct 2026Ines is a Japanese IT services provider to public-sector and corporate clients whose local-government system standardisation drove a first-half earnings recovery, prompting AVI to raise its stake above 10%.
- Foster ElectricSep 2026Foster Electric is a global acoustic components manufacturer with a new medium-term plan aimed at improving profitability and capital efficiency.
- Sanyo ShokaiSep 2026Sanyo Shokai is an apparel manufacturer and retailer that has returned to profitability after restructuring and is still working on growth and capital efficiency.