Global investment guru Mark Mobius has a positive outlook on emerging economies in the long term and believes their stock markets would be at much higher levels than at present.
Mobius, the Franklin Templeton executive who pioneered emerging markets’ investing, said on his blog post, “From a long-term perspective, we continue to have a positive outlook on emerging economies...We believe that emerging stock markets could be much larger than they are today,”.
According to MSCI Emerging Markets Index as of December 31, 2011, emerging market equities as a whole ended the year with double-digit declines.
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