India's growth prospects have seen many investors and big-name banks turn bullish on the country, but portfolio manager Kamil Dimmich says he's steering clear. "We are probably in the minority in here [and] we don't mind being in the minority," Dimmich from North of South Capital told CNBC Pro Talks last week. Dimmich says India looks very expensive right now, even considering the fact that it has traditionally been priced higher than other emerging markets.
5 billion Pacific North of South Emerging Market All Cap Equity fund, said he is "always looking for great companies with strong cashflows that are not correctly reflected in the market." His focus is identifying undervalued stocks in emerging markets . 'Great value market' One country he is very bullish on is South Korea, which he calls a "great value market." Petrochemicals player LG Chem and bank KB Financial Group are among the Korean stocks in his top holdings.