Public/private valuation disconnect looks overdone

Only one, Brunner, managed to beat the MSCI AC World index, in NAV terms, although Lindsell Train, Alliance Trust and F&C all came close. However, while it is not really sensible to judge funds over such a short time period, over ten years the picture is not much better. Just four of 13 surviving global equity trusts beat the MSCI AC World index over that period. If we look at the private equity sector instead, the picture is much better. Scottish Mortgage exceeds 30% PE limit for second time in nine months Nine of 13 surviving global private equity trusts beat the index in N...