Top fund manager David Herro is continuing to find value in developed markets like America, and little opportunity in developing areas. Herro tells Bloomberg Surveillance that overall global stocks look good, especially given that we’re at a point in the economic cycle when earnings growth should be accelerating. “I think there is good value in American stocks, and in global blue chips in general,” he says. He adds that he sees good valuations for European blue chips, but that quality names in emerging markets are too expensive right now.