Mark Mobius’ faith in emerging markets remains strong, despite growing political concerns over Pakistan and Russia. Charlotte Banks wrote on the website for the London-based publication Professional Adviser earlier today:

Despite an unstable stockmarket and rising political uncertainty, Mark Mobius, executive chairman of Templeton Asset Management, believes that Pakistan still offers long-term value…

“It is a big and important country which is full of very intelligent people so there is no reason why they shouldn’t do quite well,” he said.

Turning his attentions to another emerging market which has raised political concerns for investors, Russia, Mobius says he hasn’t been put off and he is not concerned about investing there.

“The problems are not going to scare us away from Russia - in the long term we think the country is going to be fine and will not be avoiding it in any way,” he said. “In the long term, the country is too important to ignore.”

Square of Europe, Moscow

Source:

“Mobius points to Pakistan as a long-term winner”
Charlotte Banks
Professional Adviser (UK), August 29, 2008

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