Templeton's $42 Billion Manager Says the Gloom Has Gone Too Far

Heather Arnold spends all day assessing the prospects for the world’s economies and their stock markets, and doesn’t see too much to worry about.

China -- the epicenter of market turmoil that’s reverberated around the world -- is in a natural growth transition, and neither the nation’s yuan policy nor its slumping equities should be a big concern to global investors, says the director of research at Templeton Global Advisors Ltd. Low oil prices will be cured by, well, low oil prices, as production is cut in the U.S. while demand steadily climbs. Arnold is buying more shares.