Three moves against the crowd

Times of great uncertainty and dysfunctional markets create opportunities for bold investors to make contrarian investments. This week, Gerald Smith, manager of the Monks Investment Trust, Baillie Gifford & Co, tips his three recommedations for doing just that.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Gerald Smith, manager of the Monks Investment Trust, Baillie Gifford & Co.

The Monks approach to investment is unconstrained. The FTSE World (measured in pounds sterling) is the comparative index for measuring performance, but no reference is made to it when choosing the portfolio. So strong investment views are expressed. Times of great uncertainty and dysfunctional markets create opportunities, and Monks is quite likely to move against the crowd.

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