Mobius Likes Eastern Europe, Africa, and Other Regions

Emerging markets guru Mark Mobius says he is finding global valuations “rather cheap”, and says he is finding a number of attractively priced stocks in Europe, Southeast Asia, China, and Africa. “Looking at companies around the world generally, we are finding that valuations look rather cheap right now,” Mobius says in an interview posted on Franklin Templeton’s website. “The price-earnings ratios of emerging markets averaged about 9.6 ( based on the MSCI Emerging Markets Index… Read More

Mobius on the Lure — and Risks — of Frontier Markets

Templeton Asset Management’s Mark Mobius says a number of frontier markets across the globe are offering intriguing opportunities for investors — but that patience is a must for those who venture into these areas. “I view frontier markets as having tremendous potential for long-term investors, if — and this is a big ‘if’ — you are able to be patient and show some perseverance,” Mobius writes for South Africa’s MoneyWeb.co.za. “Just a few decades ago,… Read More

Mobius Talks Emerging Markets

Templeton Asset Management’s Mark Mobius says emerging market stocks are in a “sweet spot” valuation-wise. Mobius tells Bloomberg that on average EM stocks are trading for just 10 times earnings, a very low figure when compared to historical norms. He says he’s particularly high on equities in China, Russia, Turkey, and Thailand, and African frontier markets. Mobius says he likes consumer and service stocks in China, and discusses why he thinks China isn’t headed for… Read More

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

Mobius Bullish on Europe

Templeton Asset Management’s Mark Mobius says he is upping his exposure to European stocks, despite the continent’s lingering debt woes. “The stocks in the European countries have gone down excessively as a result of the bad news emanating from this crisis and we find good investment opportunities at bargain price and we are increasing the purchases of these stocks,” Mobius says, according to Bloomberg. Mobius adds that “we don’t think the crisis will last forever… Read More

Mobius: Low Yields and Inflation Will Push Money Into Stocks

Templeton Asset Management’s Mark Mobius says that the combination of low-yielding fixed-income investments and looming inflation fears will have investors moving out of Treasurys and into stocks. “People are now beginning to realize that they cannot be sitting on bonds that are paying one, two or even three percent, when inflation is running higher than that,” Mobius tells CNBC, adding that investors will look to stocks instead. “If you look at equities of course, the… Read More

Mobius: Russia “Too Cheap To Ignore”

While Russian stocks struggled mightily last year, Templeton Asset Management’s Mark Mobius says they are the most attractive of the “BRIC” nation equities in 2012. Mobius tells Investment Week that the Russian market “is still extremely cheap … trading at an average P/E ratio of below 10, which is too cheap to ignore,” and says he “will be adding to the position over the course of the year.” “Out of all the BRIC nations,” Mobius… Read More

Mobius On Attractive Frontier Markets

Templeton Asset Management’s Mark Mobius says that stimulus efforts by central banks around the world are helping to push funds into frontier markets. He tells Bloomberg that he’s high on stocks in frontier markets like Nigeria, Vietnam, Kazakhstan, Romania, Saudi Arabia, and Egypt. He also talks about how tensions between Iran and the West and the European debt crisis are impacting the prospects of frontier markets.

Mobius: A Lot to Like in Brazil

Templeton Asset Management’s Mark Mobius is bullish on Brazil, saying a number of factors are making the Latin American giant an attractive spot for investors to look. “The country’s motto ‘Ordem e Progresso’ (Order and Progress) is finally being realized after an economic history that hasn’t always been very orderly,” Mobius writes on his company blog (tip of the cap to MoneyShow.com for highlighting the piece). “Inflation, with percentages running into the thousands in the… Read More

Mobius Sees Soft Landing For China, Increasing Role For Renminbi

Emerging markets guru Mark Mobius says he sees a soft landing for China, and thinks it is “very possible” that the country’s renminbi will become one of the world’s reserve currencies by 2020. “The high-growth economies of China and other emerging Asian and Latin American countries lost some momentum as 2011 wore on, but to me they now appear poised for softer landings than their developed-market counterparts,” Mobius, of Templeton Asset Management, tells Citywire. “During… Read More