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Can The Scottish Mortgage Investment Trust and Baillie Gifford American Fund recover?
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Scottish Mortgage Investment Trust(LSE:SMT) has plummeted in value this past week and shareholders would like to know if it will recover. Shares in the trust are down over 25% since last month after riding high most of last year. Its share price is now back around where it was in November, but in a year, the trust is still up 85%. The reason for the boom and bust is technology. The US tech sector had a sensational run through 2020 but is now experiencing a correction, and SMT is heavily tech-focused.
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