Private equity sector tops investment trust performance tables in 2023

Association of Investment Companies study

Private Equity has been the the top-performing investment trust sector so far in 2023, according to data from the Association of Investment Companies (AIC).

The sector has returned 43% over the eleven months to the end of November, compared to the average investment company return of just 3%. Technology and Innovation produced the second highest return of 37%, while North America placed third with a 14% return. Europe was the fourth best-performing sector with a 12% return, and the fifth was India/Indian Subcontinent with 10% return. AIC sets out proposals to address investment trust cost disclosure concerns The best performing investment company during the period was 3i Group, with a 71% return so far in 2023. Manchester & Londo...