Mark Mobius
Mark Mobius
Joseph Mark Mobiusis an emerging markets fund manager at Franklin Templeton Investments. Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 18 global emerging markets offices and manages emerging markets portfolios. In 2015, after leading the company for a quarter of a century, Mark Mobius decided to step down as the lead manager of the Templeton Emerging Markets Investment Trustand handed over control of the fund...
NationalityAmerican
ProfessionBusinessman
Date of Birth17 August 1936
CountryUnited States of America
We're very bullish on emerging markets right now because of valuations, ... Valuations are so reasonable it makes sense to put money in.
The worst risk would be the politicization of the citizens in Hong Kong, where they become active politically and begin to demonstrate and oppose policies on the mainland,
The Y2K problem frankly is going to be seen in the developed countries. The emerging markets are going to be in much better shape than the U.S., Japan or the European countries.
Both countries are equally attractive, it just really depends on which stocks you'd buy and what industry you're in.
Commodity prices are being supported by healthy demand from countries such as China and India, but one must remember that it remains a cycle. Currently it looks like the cycle remains in the 'stronger for longer' position and South African companies are taking advantage of this.
We feel Russia is at the start of a long development towards creating a more transparent functioning market economy.
There's no reason to sell, because earnings growth is keeping pace with share prices. We're in an amazing period of history for many of these markets.
We're not at the danger stage yet, but we are at danger of getting there - and history does repeat itself.
One of the problems in Latin America is that the growth rate in the economies has not been as fast as in Asia. The reason for that is the governments' policies.
China and the U.S. have a very symbiotic relationship which will not decline any time soon. There are more shared interests as compared to shared differences and for this reason relations will continue to be good.
I have just come back from Dubai and there is a lot of interest in India.
We were excited about Hong Kong two years ago and we put a lot of money there. Now we're more cautious because we're finding better bargains elsewhere. Quite frankly, we're investing in China.
It's, of course, not a good time to sell, but I also warn (investors) that it is now selling at a big premium to its net asset value, ... So, it's six of one and half a dozen of another -- very difficult to say.
It's quite difficult to ascertain the real hits on earnings, as a lot will depend on how fast the government is to implement the new price mechanism, and how high oil prices will go from here.