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Laxman Pai, Opalesque Asia:

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

Despite a 'challenging year' the sector produced a return of 43 percent in the 11 months to the end of November 2023, compared with the average investment company which returned 3 percent over the same period.

Next on the AIC's list was the technology and technology innovation sector, which achieved returns of 37 percent, while the North American sector came third with a return of 14 percent.

The fourth best-performing sector was Europe which returned 12 percent and the India/Indian Subcontinent sector came fifth returning 10 percent

Annabel Brodie-Smith, communications director of the Association of Investment Companies, said: "This year's top-performing sectors reflect the market and economic conditions in 2023. It's important to remember that investment is about the long term. Rather than focusing on today's winners, it's important to build a balanced portfolio of investments which suits your needs."

"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. The Technology & Technology Innovation sector has also bounced back, with the rise of artificial intelligence......................

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