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 have been subject to such pessimism. These periods of short-term volatility are certainly not new to us, and don’t change our long-term conviction of the […]

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 about some frontier markets he’s quite high on, including places in Africa and the Middle East. And he says he wouldn’t wait for further market […]

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 public offerings, which draws money from the secondary market and leads to stocks underperforming. Mobius is also high on energy, particularly coal and oil, thanks […]

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 thinks some may be ready to expand. “The slowdown that we’ve seen in global markets means there’s an opportunity for these companies to buy mines […]

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 12-month forward P/E), compared to a world index of 11.4 (based on the MSCI World Index 12-month forward P/E) and the U.S. average of 11.9 […]