Templeton’s Mark Mobius to Retire

Mark Mobius, long considered an emerging markets guru, will retire from Templeton investments at the end of this month, according to a recent article in The Wall Street Journal. Mobius joined Templeton in 1987 to launch one of the first funds dedicated to emerging markets, the article says, adding that “his star rose during an ensuing bull market.” He became what the article describes as one of the best known “evangelists for investing in Asia… Read More

Mobius: Russian Stocks Offer Major Upside

Mark Mobius, executive chairman of Templeton Emerging Markets Group, says that the Russian stock market provides investors with a tremendous value right now. Russian stocks are down 36 percent since the end of 2014, although they have rebounded and are up 20 percent so far in 2016. Still, Russian shares are trading at 0.67 price-to-book, which is more than 50 percent below the MSCI Emerging Markets index. Mobius says Russia has been hurt by two… Read More

Mobius: EM Selloff Temporary

Templeton Asset Management’s Mark Mobius says he thinks the emerging market trouble that has seeped into the U.S. market a bit will be temporary, and will provide significant buying opportunities. Mobius tells CNBC that there’s “no good reason” for the EM declines, which appear to be the result of fears that money will flow out of EMs as the Federal Reserve tapers its quantitative easing program. He notes that emerging market central banks’ balance sheets… Read More

Mobius Talks China, Ukraine, and EMs

Templeton Asset Management’s Mark Mobius says he remains optimistic on China’s economy, and says other countries may begin adopting a Chinese type of system rather than a U.S. system. Mobius tells Bloomberg that the comparative ease with which China can get things done because of its one-party setup may appeal to many other countries. But he says the key common denominator in both the American and Chinese systems is a market economy. Mobius also talks… Read More

Mobius: Emerging Markets Still Look Good for Long Term

While emerging markets have taken their licks this summer, Templeton Asset Management’s Mark Mobius says the declines offer more of a buying opportunity than a sign of long term trouble for EMs. “At Templeton, we’ve repeatedly championed our value-driven philosophy by frequently buying at times others are most pessimistic,” Mobius recently wrote in commentary on Templeton’s website. “This is not easy to do, even for seasoned market veterans. During the past few months, emerging markets… Read More

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… Read More

Mobius: China and Europe Fears Overwrought

Emerging markets guru Mark Mobius says he thinks people are too pessimistic on China and Europe. “If you look at independent statistics as related to China — for example, exports from the West, from Japan, from Germany to China — you will see that the growth rates are very healthy,” Mobius tells Fortune. He says the poor performance of the Chinese stock market this year is due in large part to a boom in initial… Read More

Mobius High on Coal

Templeton Emerging Markets Group’s Mark Mobius says he’s bullish on Chinese coal companies. “These companies are not only mining but also producing power and the demand for power is insatiable in China and everywhere else in the world,” Mobius tells Bloomberg. His funds currently hold shares of coal companies Shenhua, Yanzhou Coal Mining Co., and China Coal Energy Co. Chinese coal companies have been rebounding from their cheapest levels on record, Bloomberg reports, and Mobius… Read More