Investec AM's A to Z of 2010

Max King, strategist and portfolio manager at Investec Asset Management, looks back over some of the developments of the past year and notes some key areas to watch in 2010.

Automotive industry The US government has pumped tens of billions of "loans" into propping up the US majors, yet Japanese companies account for 40% of the US market (4.5m vehicles of which a third are imported), which is only a little less than the market share of the American big three. Meanwhile, General Motors plans to double sales to Japan from current levels of just 2,000 a year. Does ‘cash for clunkers' refer to the cars or the companies? Buffett (Warren) & Bolton (Anthony) Both were widely ridiculed for turning positive on equities in late 2008, but they would now be having ...