BULL POINTS:
• Profits on investments imminent
• Strong long-term performance record
• Diversified portfolio
• Wide discount to NAV
BEAR POINTS:
• Volatile asset class
• Currency risk
IC TIP:
Buy
at
161p
Private equity got something of a bad name during the credit crunch, and it's still got one now. That's one reason it's possible to buy private-equity focused investment trusts like Standard Life European Private Equity on big discounts to net asset value, even though they've got good performance records.