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 factors – the massive decline of oil and international sanctions. “Once sanctions are released, then the market is going to do very well,” he says. […]

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 in general remain far better than those of the U.S. and other developed markets. He does say that balance sheets of American corporations are very […]

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 about the impact that the talk of the Federal Reserve tapering its asset purchasing programs had on emerging markets, and why his firm is making […]