 "Mark Mobius")
You wouldn’t expect pension funds to sell in a hurry. But that’s exactly what they’re doing now in emerging markets, according to Mark Mobius.
Patient as they are, pension funds are also famously risk-averse, said the 81-year old investor who set up Mobius Capital Partners LLP after leaving Franklin Templeton Investments this year. That’s pushed them to cut risk all around, selling in both developed and developing countries, he said in a phone interview.
“More and more of these pension funds are buying ETFs and when the market goes down, the tendency for them is to reduce,”Mobius said.
Patient as they are, pension funds are also famously risk-averse, said the 81-year old investor who set up Mobius Capital Partners LLP after leaving Franklin Templeton Investments this year. That’s pushed them to cut risk all around, selling in both developed and developing countries, he said in a phone interview.
“More and more of these pension funds are buying ETFs and when the market goes down, the tendency for them is to reduce,”Mobius said.
