Mark Mobius, the Templeton Emerging Markets Group Executive Chairman, says that some of the investing world’s least favorite emerging market countries could be ready for a rebound according to piece in the Wall Street Journal’s Frontier Markets blog. His picks include:
- Indonesa
- Russia
- Brazil (because of the potential political change that could take place there)
- Vietnam
- South Africa
However, he also cautions:
“Emerging markets have underperformed other assets but the valuations are not that low. There are no screaming bargains.”
Mobius does see growth continuing in emerging markets, but he also expects frontier markets to continue to outpace them. On the other hand and before you jumping into frontier markets funds:
“We shut our fund to new investors because money was coming in too fast—and in frontiers there has been no let-up in money coming in.”
You can see the full interview where Mark Mobius gives his emerging markets outlook here.
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