MGG (trust) v MGE (global fund), page-11

In fairness to MGG with regards to its lacklustre performance over recent weeks, I suspect much of this is due to the upcoming share placement. It has generally traded at or above NTA in recent times (which currently sits at $1.69/$1.70). I think this discount will continue for a month or two after the placement as people offload excess shares they picked up on the cheap. Then it's likely MGG will show some relative outperformance to MGE as it moves back to NTA.