Mobius Is Unfazed by JPMorgan's Spat With Indonesia
- Templeton’s Mobius favors consumer and commodity companies
- Aberdeen unfazed by JPMorgan’s two-notch downgrade on equities
Mark Mobius
Photographer: Razan Alzayani/BloombergThis article is for subscribers only.
Indonesia’s economic outlook is helping its markets offset investor fallout from a state campaign to stop banks publishing pessimistic research reports.
Slowing inflation and a recovery in trade are among the reasons why Indonesian stocks are a preferred investment for Aberdeen Asset Management Plc, which oversees $420 billion. Mark Mobius, executive chairman of Templeton Emerging Markets Group, is buying Jakarta-listed firms that sell to Indonesia’s swelling middle class, as well as mining and plantation companies benefiting from a rally in commodities.