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Scottish Mortgage Investment Trust is standing by its investment strategy despite admitting that the past 12 months have been “painful for shareholders”.
Scottish Mortgage has defended its investment strategy despite a painful year in which both its share price and the value of its portfolio were in freefall.
Tom Slater (pictured) encouraged investors to 'remain disciplined and patient' after the value of the firm's portfolio tumbled nearly 18%.
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A boardroom bust-up and the resignation of its chairwoman has compounded issues at Scottish Mortgage, the UK’s second-largest investment trust whose shares ha