Goldman Sachs’ Abby Joseph Cohen says that, while she likes the growth prospects of emerging markets, she’s seeing more value in investments in developed markets like the U.S., Europe, and Japan. In an interview on Consuelo Mack’s WealthTrack, Cohen says she thinks money has been pouring into emerging markets in a “herd-like” fashion, and that equities in many emerging markets have strong growth already priced into their shares. U.S. large-cap equities, on the other hand, are priced very attractively. Overall, Cohen says she thinks bonds aren’t looking very attractive right now, while equities are looking very attractive. First Eagle Funds’ Matthew McLennan also offers his take on the economy and markets.