Winnie Lee, CIO at BNP Paribas Asset Management in Hong Kong, suggests conflicting investment data and the unquantifiable impact of terrorism and war makes speculating about prospects in 2002 a bit like English weather a bit of cloud, some rain, later some sunshine. There's a bit of everything, she says.
But there are a few simple things she can determine, and based on that, BNP Paribas believes local investors will be attracted to bonds and equity-linked products.
Even the certain things û that the United States, Europe and Japan are in recession û are not clear-cut. For example, Lee says one important indicator in the US is housing sales, an important part of consumption. It...
