Jury still out on timing of recovery

By Alex Smitten, a fund manager at Cazenove Fund Management The last year has been volatile for ...

By Alex Smitten, a fund manager at Cazenove Fund Management The last year has been volatile for financial markets. The global economic background has been thought provoking and shocks such as the 11 September atrocities and the spectacular collapse of Enron have added to the uncertainty. Japan, meanwhile, is an enigma all on its own. As usual at this time of year, there is much soul-searching to try and pick the winners and losers for 2002. In the bond markets, this is primarily concerned with how the economic background is developing. In the UK, not only does the two-speed ec...