Catherine LeGraw, Member, Asset Allocation Team, GMO sits down with Julie Cooling, Founder & CEO, RIA Channel to discuss their global economic outlook and forecast. While most equity markets remain expensive, LeGraw points to emerging markets as their favorite asset class currently. Wide value spreads that exist in emerging markets equities provide active stock selection opportunities for GMO. The U.S. equity market is GMO’s least favorite asset class. For more information on asset allocation research, visit GMO.