Mobius Turns to Africa

Templeton Asset Management’s Mark Mobius is finding a good deal of value in a place not known for great investments: Africa. Mobius tells Investors Chronicle that he’s high on telecoms, natural resources and consumer products in Africa, and is particularly bullish on banking stocks. “Banking in Africa is growing at a torrential pace and provides an opportunity to get exposure to the consumer sector,” Mobius says. He adds that “we want to get exposure before the… Read More