Mobius Says Too Soon to Buy Emerging-Market Stocks Amid Rout
This article is for subscribers only.
Mark Mobius says investors should hold off from buying developing nation shares as a rebound from six-year lows will be shortlived amid widening price swings.
“We have a little bit to go before we see stabilization, but volatility will remain,” Mobius, chairman of the emerging markets group at Franklin Templeton Investments, said in an interview with Bloomberg Television. “We are sitting on cash.”