RE: Caution22 Jun 2015 20:58
glancing at MINI vs WPCT, it looks like
a couple of the more significant differences
relate to (1) underlying asset focus; WPCT
explicitly states, trying to target underpriced
intellectual property, haven't seen MINI say that?
and (2) the size/stage of asset to be included.
MINI seems to say, most of its stakes will be trading
on AIM, and(nearly?) all stakes will be quoted/trading
on London markets. ..... whereas WPCT intends that
25% of the holdings will be in 'early stage' companies
-- most of those will probably *not* actually be quoted on
any public market yet, vs majority [tho' not all] of wpct's
'early growth' companies probably will be quoted.
so if i wanted, i could buy almost all the stuff mini
has on my own account from the markets, but 25%
of WPCT is stuff i couldn't easily get directly.
mini seems to have a substantial premium too,
trading circa 7% premium to NAV according to HL.