Mobius Bets on India’s Small-Cap Stocks to Tap Growing Economy
- Templeton bullish on consumer, Internet companies, drugmakers
- India on cusp of opportunity as economy near takeoff: Mobius
Mark Mobius
Photographer: Razan Alzayani/BloombergThis article is for subscribers only.
Mark Mobius is betting on shares of smaller Indian companies to profit from expansion in the world’s fastest-growing major economy.
“If you factor in the reforms that are taking place and the impact they can have on company earnings, it tells us that India is on the cusp of an interesting opportunity,” Mobius, executive chairman of Templeton Emerging Markets Group, said in an interview to Bloomberg Quint in Mumbai. The money manager has $2 billion in Indian stocks, of which more than $600 million is invested in shares of small companies, he said.