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.
We feel Russia is at the start of a long development towards creating a more transparent functioning market economy.
We were investing at this terrible time when emerging markets were all going down, some by 90-odd percent, and we are now benefiting from that, ... You had one crisis after another. You had Russia, Brazil, Thailand. We were investing in all of them.
The mere fact that me, an emerging markets person, says something about Internet and the market reacts the way it has is and indication that people are very jittery.
I'm more bullish about emerging markets because we know the emerging markets are growing at double the rate of the developing nations. This is reflective in the stock market eventually,
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.
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.
Both countries are equally attractive, it just really depends on which stocks you'd buy and what industry you're in.
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.
People are getting inured to the whole terrorism thing,
There is an example of a company that will not be impacted by a Y2K problem. They are so well diversified that problems in one area won't impact other areas.
We believe that in the long term, Russia has very, very good value,