Tags: Mobius | markets | US | stocks

Mobius: 'Plenty of Opportunities' Available Among US Stocks

By    |   Thursday, 06 November 2014 12:03 PM

Mark Mobius, executive chairman of Templeton Emerging Markets Group, is pretty much a perma-bull on emerging stock markets. And now he's bullish on U.S. stocks too, undeterred by their push to record highs.

"There are plenty of opportunities in the U.S. to get the growth and the stability," he told CNBC. "A healthy U.S. is [also] great for emerging markets." So think about buying stocks of U.S. companies with "a lot of emerging markets exposures," Mobius noted.

"Many of these emerging markets have very strong financials — a lot of foreign exchange reserves, low debt-to-GDP ratios," he said, citing China, India, South Korea and Mexico.

The S&P 500 index closed at 2,039.33 Thursday, after hitting a record intraday high earlier.

Mobius' advice to investors: "I would be visiting the U.S. more often."

Meanwhile, did you know that stocks have historically done quite well during times of a Democratic president and a unified GOP Congress too?

From Dec. 31 1900, to Oct. 31 2014, the S&P 500 index gained an average of 8.6 percent a year during the 12 years we have had a Democratic president and a unified GOP congress, according to Standard & Poor's Equity Research data cited by MarketWatch.

That trails only the annual increase for the four years during which we've had a Democratic president and a split Congress: 13 percent.

The worst performing iteration has been a Republican president and a split Congress, which has generated a 3.2 percent annual gain in its 10 years of existence.

The S&P 500 averaged an advance of 7 percent over the 114-year period as a whole.

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Mark Mobius, executive chairman of Templeton Emerging Markets Group, is pretty much a perma-bull on emerging stock markets. And now he's bullish on U.S. stocks too, undeterred by their push to record highs.
Mobius, markets, US, stocks
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2014-03-06
Thursday, 06 November 2014 12:03 PM
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