Awdry believes China and India offer clearest growth premium

The more expensive markets of India and China still offer the clearest growth premium among emerging...

The more expensive markets of India and China still offer the clearest growth premium among emerging regions, according to Gartmore's Charlie Awdry. The two markets have the highest 12-month forward p/es in the emerging world but Awdry, who co-runs the group's Global Emerging Markets fund, backed them to continue their rapid growth. However, macro research from the group places India as one of the least attractive regions in the emerging world using its proprietary country model. Awdry said: "Idea generation for our fund comes from several sources, such as quants models, macro researc...