Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, says in equities, they would be investing at least 20-30% in India, 20-30% in Taiwan, maybe 10% in China, 10% in Korea, and then the rest scattered around Vietnam, Thailand, Indonesia, Malaysia, Turkey, and a little bit in Brazil. The US is there, but it is reflected in … Read more
Mark Mobius, whose name has been synonymous with investing in developing countries for a third of a century, isn’t planning to slow down even as he steps back from the firm that bears his name. The 87-year-old money manager said he’s busier than ever as he looks to set up a new venture in Dubai. … Read more
An Indian navigation company’s stock, which was favored by Mark Mobius, has doubled in about six months as its mapping service grows more popular in the country, pitting it against Alphabet Inc.’s Google Maps. Market watchers are now split on whether the rally will continue. Shares of Map my India, formally known as CE Info … Read more
Nilesh Shah of Kotak AMC believes predicting where the market would be in, say, 5 or 10 years is pointless because more often than not, you would be wrong. Speaking at the Times Network India Economic Conclave, Shah said there is much more to stock markets than just predicting the levels. “Ek cheej humne seekhi … Read more
BSE Sensex is likely to hit the 100,000 mark over the next 4-5 years, riding on the robust economic growth of the country, top voices on Dalal Street, including Chris Wood, Mark Mobius, Shankar Sharma and Sandip Sabharwal opined. Jefferies’ Global Head of Equity Strategy Chris Wood last week said the 100,000 mark seemed reasonable … Read more
Veteran emerging-markets investor Mark Mobius said his firm didn’t participate in .’s stock sale before it was pulled as concerns about the debt of the Indian tycoon’s firms “scared us away.” “We were not interested in Adani companies because they did not meet our investment criteria, particularly as regards to debt,” Mobius said by email … Read more
The relentless plunge in China’s stocks has burnished the appeal of their biggest emerging-market rival India, spurring a divergence that’s rarely been seen before. The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index. The 33-percentage point outperformance by the India gauge is the … Read more
By Abhishek Vishnoi Veteran investor Mark Mobius said the recent spike in US Treasury yields has room to run as market participants are underpricing inflation risks. The yields “can go much much higher,” Mobius said in an interview on Bloomberg Television, as investors won’t be buying treasuries if their yields are far below the rate … Read more
By Abhishek Vishnoi and Ranjeetha Pakiam Veteran investor Mark Mobius said investors should have 10% of a portfolio in gold as currencies will be devalued following the unprecedented stimulus rolled out to fight the coronavirus pandemic. At this stage, “10% should be put into physical gold,” said Mobius, who set up Mobius Capital Partners after … Read more
By Scarlet Fu Having a star fund manager is an easy way for an asset management firm to attract client money. But for Franklin Resources Inc.’s chief executive officer, it’s not worth the disruption when they leave. “Clients get nervous by a star manager, if you appoint one, because then it becomes a succession issue,” … Read more