Even Emerging-Markets Bull Mark Mobius Sees More Pain Ahead
- That’s creating fertile ground for stock pickers, he says
- India, China offer ‘incredible opportunities’, Mobius says
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Even the normally bullish Mark Mobius says there’s worse to come for emerging markets.
There’s a danger of contagion from the deteriorating situation in Turkey, and Argentina and Brazil aren’t doing well, said the veteran developing-nation investor, who left Franklin Templeton Investments earlier this year and set up Mobius Capital Partners LLP.