Secret of growth lies in global diversification

conference

speaking at IW's investment trust forum, Aberdeen's bruce stout sees dearth of value in uk and us and looks to emerging markets for opportunities

Global diversification is the key to future portfolio performance as UK and US economies continue to slow, in the view of Aberdeen's Bruce Stout, manager of the Murray International trust. Speaking at Investment Week's Investment Trust Forum, Stout said he sees very little value in the US and UK markets and pointed to emerging areas offering growth opportunities. "The US housing market is imploding at the moment and the American consumer is heavily indebted," he said. "This has massive implications for the US economy and, in particular, the banking sector. "In the US, 35% of all S&P prof...