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Stout blasts industry 'short termism' as he buys EM
by Eleanor Lawrie on May 30, 2014 at 15:00
‘Valuations always drive where markets ultimately go, and there are so many expensive equity markets that if you buy something and it does not deliver, you are going to get a lot of capital depreciation.’
Another upside to the dip in the trust’s performance, Stout said, is that its ‘ridiculous’ double digit premium has subsided, although the shares are still trading at 5.9% above par.
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