In an interview to CNBC-TV18, Geoffrey Dennis, Head of Global Emerging Market Strategy at UBS & Richard Harris, Chief Executive at Port Shelter Investment Management shared their views and outlook on global markets and geopolitical tensions.
Dennis said that he do not see the latest episode of geopolitical tensions causing a significant correction. According to him, emerging markets are waiting for trigger with regards to earning upgrades to move higher.
Dennis said that shares in several emerging markets are getting fully valued. Indian market is certainly richly valued at 18 times forward earnings, he added.
He further said that India is the best growth story amongst emerging markets currently.
However, according to Harris the situation in North Korea has become a lot more dangerous. He said China is being very cautious in dealing with North Korea issues.
Watch accompanying video for more details.
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