Scottish Mortgage NAV dragged down by 11.3% average drop in private company valuations

In its half-year monetary outcomes printed right this moment (8 November), the belief stated its NAV grew by simply 1.9% over the reported interval, lagging its FTSE All-World benchmark, which gained 3.6%. 
The belief’s outcomes have been impacted by a drop within the valuation of its personal firms, which fell by round 11.3% on common.
In keeping with SMT, 96% of the businesses within the belief’s portfolio have been revalued as much as 4 instances within the interval, however stated “continued market volatility has meant that latest pricing has moved way more often than throughout steady market circumstances”.
Scottish Mortgage provides ‘…