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There's nowhere to hide

Dec 13 2011  Habib Subjally, head of global equities at First State Investments, says in the long term it has paid to invest at the point of maximum pessimism. He counsels against looking at regions such as emerging markets, whose correlated performances have shown there is nowhere to hide. Instead he says low valuations present an opportunity to pick individual stocks that will be long term future winners.  (4m 4sec)
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