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 feel Russia is at the start of a long development towards creating a more transparent functioning market economy.
We're not at the danger stage yet, but we are at danger of getting there - and history does repeat itself.
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.
We believe that in the long term, Russia has very, very good value,
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.
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're very bullish on emerging markets right now because of valuations, ... Valuations are so reasonable it makes sense to put money in.
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.
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.
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.
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.
Some people mistake his reticence to mean a lack of dynamism. He's been quiet because the spotlight has not been on him. I think Victor Li will surprise a lot of people with his ability.