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Mark Mobius sees emerging markets at turning point

Mark Mobius,emerging Market,

Bloomberg  |  Kuala Lumpur 

Emerging markets are at a turning point with a reversal in sight, said Mark Mobius, executive chairman at Templeton Emerging Markets Group, signalling optimism after the worst annual rout in four years. The "turnaround potential" for Asia is great amid growth in the region, Mobius said in a speech in Kuala Lumpur Tuesday. It "makes me happy" that investors are underweight on emerging markets, he said. The MSCI Emerging Markets Index last week erased its decline for 2016 and has rallied 16 per cent from a 2009 low in January, while a gauge of developing-nation ...

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First Published: Tue, March 15 2016. 22:39 IST