The second highest return of 37% was produced by the technology and innovation sector, while North America placed third with a return of 14%.
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.
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The best performing investment company during the period was 3i Group, with a 71% return so far in 2023.
Manchester & London from the Global sector and JPMorgan Emerging Europe, Middle East & Africa from the Global Emerging Markets sector followed in second and third place with a 56% and 55% return, respectively.
Doric Nimrod Air Two from the Leasing sector placed fourth, up 44% over the same period. The leasing sector had three trusts in the top ten, while Private Equity and Technology and Innovation had two trusts each.
Annabel Brodie-Smith, communications director at the AIC, said investment companies had managed to perform well despite a challenging year, facing cost disclosure regulation and war in both the Middle East and Ukraine.
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«Private equity, the best-performing sector has come back strongly this year, with 3i the top-performing investment trust of the year. Many other trusts in the private equity sector are performing well this year but are currently trading on wide double-digit discounts,» she said.
She commended the technology and innovation sector
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