Mobius Says He's Bargain Hunting for Abandoned Brazil Stocks
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Mark Mobius hasn’t given up on Brazil. Yet.
The chairman of the emerging-markets group at Franklin Templeton Investments is looking for investment opportunities among Brazil’s battered equity market, he said in a blog post Tuesday. There’s an opportunity for “tremendous changes,” should Brazilian leaders find a way to tap resources more effectively, he wrote. The Ibovespa stock gauge rallied for a seventh day, leading gains among major benchmarks in the Americas.