Investors Chronicle: Exploit this fintech fund’s 31% discount

Simon Thompson covered Augmentum’s annual results in his latest piece for Investors Chronicle.

“Augmentum Fintech (AUGM:115p), the first publicly listed fintech fund, has maintained its impressive track record of delivering net asset value (NAV) growth every year since IPO in 2018. Moreover, the investment company has profitably exited two more holdings: savings provider Cushon – sold to NatWest (NWG) – and British artificial intelligence (AI) customer identity verification start-up Onfido (sold to Entrust post period-end). It means that Augmentum has now sold six holdings for £89.6mn since inception, realising an eye-watering 170 per cent profit on cost.”

Read the full article here.