HSBC asset management heads pick 2010 trends
They're bullish on emerging markets, predict the renminbi will be allowed to strengthen and suggest the best exposure to China is through investments outside the country, among other things.
Four of HSBC's top asset management executives yesterday painted a relatively rosy picture for emerging markets in the coming year at a press briefing in Hong Kong. That may not come as a huge surprise, given the relatively large exposure HSBC Global Asset Management has to those markets -- a hefty $70 billion of its total global AUM of $416 billion.
Their broad outlook largely chimed with many analysts' forecasts: emerging markets are in better shape than developed markets due to lo…
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