Himsworth warns on emerging markets value trap

Gartmore's Leigh Himsworth warns investors are in danger of being sucked into the emerging market story without properly considering asset valuations.

The head of UK equities says the risk to investors is getting caught up in the excitement of the emerging theme, rather than maintaining focus on valuations. "Whilst Far Eastern economies may well prove to be the engine for growth into the foreseeable future, we must be wary of being ‘sucked-in' to this trade and being ‘swept along' with the rest of the investment community," says Himsworth. In addition, Himsworth says given the uncertainty of the outlook for 2010 and the lack of discrimination within asset classes and sectors, he is keeping sector weighting fairly neutral and concent...