luis soares is head of e.m. equities for blackrock and joins us live from new york city.ou. welcome to the show. >> glad to be here. >> what do you like in emerging markets and why do you think they've underperformed the way they have? >> well, in a world that has been on the defensive for the last five or so years, the flows have been going to u.s. treasuries. but i do think that basically in emerging markets, you have a strong consumer. if you look at gdp results from china last week, you saw that there was a lot of discussion the average investor has less than 5% allocation to emerging markets, which represents roughly 13.5% of global indexes. so if you give it a medium to longer-term view, we believe that it's an asset class that offers great opportunities. >> what's your favorite e.m. right now? >> right now, we are overweight mexico, india and brazil. i would say that the highest conviction right now is probably india because with the selloff in commodities, which we believe it's going to remain at these levels for now, it really gives them breathing room where the

those aren't accounted for at this moment in time so there's concern there we heard that there was fire e.m.'s and law enforcement all responding to that initial disaster but then you have people coming in from other parts of the county other parts of the state federal emergency resources coming in hazmat teams coming in and if you look at that scene of emergency lights around the tree center and we know that there are law enforcement officials and emergency responders going house to house trying to pull people from the rubble as. this emergency evolves and continues to evolve you just see a level of professionalism and training this is what these people do they are professional emergency responders and this is this is what their careers are based on here so let's just update people because i did say before they had been confirmed fatalities of that actually a number and then we did hear that six firefighters have been killed two missions the service workers and one police officer has been confirmed dead that was just after the police sergeant from waco gave a live press conference. to the

thousands out in the streets watching as spectators cheering them on we had police officers in the streets e.m.'s workers in the streets news crews in the streets and then these explosions go off and if you look at that video you see the white poofs of smoke in the sky everybody running to save their lives scared extremely scared we saw some video of you know blood really soaking into the concrete in certain parts of the area some images that have been posted online by news outlets and even on twitter show some victims with some limbs gone and there have been some severe injuries from this this sad sad day taking place in the midst of the boston marathon an hour and i was actually listening in to the press conference that they were holding that they are in the process of securing the area and obviously within all the chaos people were leaving their bags behind so they're trying to determine what is just an innocent person the bag versus what is a potential bomb or another bomb but beyond boston the country is on high alert i was reporting earlier about the fact that. the white house is shut do