Scottish Mortgage's Unlisted Stocks

Scottish Mortgage can only invest up to 30% of the fund in unlisted stocks. If markets sell off further, this could trigger a fire sale where it's forced to sell liquid stuff. But they have come out and said that they could actually change that limit if need be. Some of it's also due to the gearing limit,. So as we said, they can borrow to invest. But again, there's a cap on that...

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