Heavily underweight on India: GMO

Here is experts equity calls for the day on how the markets are expected to trade:

Arjun Divecha, GMO: At this point in time, we are heavily underweight both India and China in our emerging markets strategy. This is primarily due to high valuations in both countries relative to other emerging markets.In addition, central banks in both countries appear to be behind the curve and they will have to act strongly to bring inflation down.