Monday 18 April 2011

Templeton's Mobius bullish on MEast despite unrest | Reuters

Veteran emerging markets investor Mark Mobius is bullish on Middle East markets and expects recent political events to benefit the region in the long-term, he said on Sunday.

"My outlook is very positive because I see these political changes result in more open societies, more dialogue and therefore better environment for markets including stocks and bonds," Mobius told reporters in Dubai.

"I am not saying the ride is going to be smooth and in many places we could see some bumps but the overall trend is positive."

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