I'm Following the Smart Money As Bears Growl Over Future of Equities

Summary

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An investment trust is warning of an imminent collapse of equity markets akin to that of 1973 and 1974, when the UK stock market fell by 73 per cent.

Such a dire assessment of markets is not unusual from the board of the Edinburghbased Pounds 185 million Personal Assets trust. It has been bearish about equities for a long time a view that has resulted in its equity light portfoliounderperforming badly.

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Extract

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I'm Following the Smart Money As Bears Growl Over Future of Equities

Over the past five years it has turned Pounds 1,000 into a measly Pounds 1,487. No other global investment trust has performed as poorly.

Baillie Giffords Sc...

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