No prizes for guessing what is the common thread among the new entries. As of January’s end, MFF was trading at a 15.4 per cent discount to the underlying portfolio value, while Platinum Capital was at 15.1 per cent and WAM Global was at 13.2 per cent. The WCM and Neuberger funds were at 11.3 per cent and 8.4 per cent respectively. Funnily enough, the fox in the henhouse is not immune to trading discounts either. |