Tags: Mark | Mobius | Emerging | Markets | Global | Investment | Opportunity

Mark Mobius: Emerging Markets Is Best Global Investment Opportunity

(Dollar Photo Club)

By    |   Thursday, 20 Apr 2017 09:31 AM

Franklin Templeton's Mark Mobius says savvy investors should look to India for a prime opportunity within emerging markets.

Mobius told CNBC the emerging markets space as a whole is "going gangbusters."

When asked for his best investment idea, he turned a specific type of company in a specific market.

"What's most exciting in India are the small- and medium-cap companies," Mobius told CNBC.

"They've got thousands of companies listed, and these small and medium caps have not moved up as much as the large cap, so lots of excitement in that area."

Mobius isn't alone in searching the globe for underappreciated investment values.

The investor who called emerging markets the “trade of a decade” before their rally last year sees further gains to come from developing-nation assets.

Christopher Brightman, the chief investment officer at Research Affiliates, says that while emerging equities cost more now than when he first made the call in February 2016, they remain "an enormous bargain," Bloomberg reported.

He cited their valuations relative to U.S. stocks, which by his preferred measure are the most expensive since the dot-com bubble of the late 1990s.

The fund manager says emerging-market shares and bonds have been unfairly beaten down by concern over the outlook for higher global rates and a slump in commodities.

While they have gone through busts and booms over the past few decades, investors are being compensated for the risk and have the opportunity to get in early on what should be a multi-year bull market, according to Research Affiliates, a sub-adviser to money managers including Pacific Investment Management Co., Invesco Ltd. and Charles Schwab Corp.

(Newsmax wires services contributed to this report).

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Franklin Templeton's Mark Mobius says savvy investors should look to India for a prime opportunity within emerging markets.Mobius told CNBC the emerging markets space as a whole is "going gangbusters."
Mark, Mobius, Emerging, Markets, Global, Investment, Opportunity
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2017-31-20
Thursday, 20 Apr 2017 09:31 AM
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