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Calling the market-bottom is a mug's game, says Aberdeen's Hugh Young

It feels as though this is going to go on for a fair old time, he said

Hugh Young, head, Asia Pacific, Aberdeen Standard
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Hugh Young, head, Asia Pacific, Aberdeen Standard

Tom Redmond & Abhishek Vishnoi | Bloomberg
The coronavirus market sell-off is probably past its worst, strategists at Morgan Stanley have said. Jeffrey Gundlach sees bigger losses ahead, while Howard Marks went from bearish to more optimistic in a week.

For another veteran investor, calls on whether equities have reached a bottom are nothing short 
of futile.

“I think it’s a mug’s game,” said Hugh Young, head of Asia Pacific at the $644.5 billion manager Aberdeen Standard Investments. “Nobody has the answer.” Shares across the world have recovered some of their losses from the rout spurred by the virus. 

An index of global equities has risen more than 20 per cent

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First Published: Apr 09 2020 | 11:50 PM IST

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