Mobius: Don’t Wait To Buy Stocks

Templeton Asset Management’s Mark Mobius says he remains high on China, despite the recent disappointing GDP report from the Asian giant. “The new administration in China is now just getting its game going,” Mobius tells CNBC. “Once they get going, you’re going to see a lot more investment taking place, a lot more activity in the right areas. … I think that growth engine is going to continue, and we’re very bullish on China.” Mobius also talks about some frontier markets he’s quite high on, including places in Africa and the Middle East. And he says he wouldn’t wait for further market declines to start buying stocks.

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