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Mark Mobius Bets on Brazil, Says Bolsonaro Is a ‘Terrific’ President

  • Emerging-market veteran lauds early days of new administration
  • Expects critical pension reform to be approved this year
Mark Mobius

Mark Mobius

Photographer: Justin Chin/Bloomberg

The veteran emerging-market investor Mark Mobius said he plans to add to his Brazil holdings, lauding the first few months of President Jair Bolsonaro’s administration even as other investors have shown skepticism.

Mobius, who left Franklin Templeton Investments in 2018 to set up Mobius Capital Partners, said the president’s performance has been “terrific” as he works to push through a pension overhaul that analysts see as key to revitalizing Brazil’s economy. He expects the bill to pass this year and predicted more money will flow into Brazil as the agenda takes hold.