US housing market key to improved sentiment
Pictet Asset Management chief strategist John-Paul Smith says investors will be hesitant to return to markets until the US housing sector shows signs of recovery.
John-Paul Smith is the London-based chief strategist in the balanced and quantitative investment team of Pictet Asset Management (PAM). He is also chairman of the PAM strategy unit and responsible for strategic guidance for all equity teams, including both developed and emerging markets. He joined Pictet Asset Management in 2001 as head of global emerging markets. He shares with AsianInvestor his views about the global financial crisis and market sentiment.
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