Mark Mobius: 2009 Next Bull Phase For Emerging Market Stocks
Emerging markets legend Mark Mobius, who serves as the executive chairman of Templeton Asset Management Ltd., talked with Bloomberg’s Francine Lacqua this morning about the outlook for emerging markets in 2009. Notable excerpts from the discussion included:
We’re having a wonderful time buying tremendous bargains. As value investors, this is the best time to be investing. So, we’re seeing terrific bargains all over the place… We’re looking forward to 2009 with great optimism…
We’re now beginning to see a stabilization. And people are beginning to realize that with interest rates approaching 0, and dividend yields in emerging market stocks going up to 4, 5, in some cases 20%, it doesn’t make sense to be sitting in U.S. Treasuries. So, we’re beginning to see this bottoming situation…
I sincerely believe that next year, 2009, we’re going to begin the next bull phase…
When asked what his ideal portfolio consists of, Mobius, who oversees $24 billion in emerging market equities, replied:
Emerging markets, equities, to begin with. And then after that, Asia, 55-60%. Latin America, another 20. And the rest of the world, the rest. So, that’s more or less the ideal.
You can view the 4 minute 19 second interview here.
Source:
Mark Mobius Interview
Bloomberg, December 19, 2008
February 12th, 2009 at 10:04 pm
where does he get all the money to invest from?
prior to the sell out he was fully fully invested?
he makes tons of money for his management bu as far as i know he did not out perform anything. an index could have done better.
February 20th, 2009 at 11:34 am
Thanks for the comment lopez.