Video: tapering is “not significant” for EM, says Mobius | beyondbrics:
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Guess what? Mark Mobius, chairman of Templeton Emerging Markets, is still an EM bull! He dismisses the 2013 taper tantrum as “overdone”, and says that the actual onset of tapering will prove ” not significant” to emerging markets as an asset class.
It may not come as a huge surprise to hear an EM perma-bull being bullish. But the often white-suited Mobius oversees around $50bn of assets, including Templeton’s $14bn Asian growth fund, making his views on the market worth hearing.
The main reasons for his chipper outlook would be familiar to any EM bull:
" 'via Blog this'
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It may not come as a huge surprise to hear an EM perma-bull being bullish. But the often white-suited Mobius oversees around $50bn of assets, including Templeton’s $14bn Asian growth fund, making his views on the market worth hearing.
The main reasons for his chipper outlook would be familiar to any EM bull:
- Growth may be slowing, but it’s still a lot higher than in the developed world
- Debt may be rising, but it’s still a lot lower than in the developed world
- Even with tapering, there’s still a lot of money out there
- US assets have been in favour for ages – investors will soon seek alternatives
- The 2013 sell-off left plenty of EM assets looking cheap
" 'via Blog this'
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