Home
Register
Emerging markets are at a turning point with a reversal in sight, said Mark Mobius, executive chairman at Templeton Emerging Markets Group, signalling optimism after the worst annual rout in four years.
The "turnaround potential" for Asia is great amid growth in the region, Mobius said in a speech in Kuala Lumpur Tuesday. It "makes me happy" that investors are underweight on emerging markets, he said.
The MSCI Emerging Markets Index last week erased its decline for 2016 and has rallied 16 percent from a 2009 low in January, while a gauge of developing-nation currencies is 2 percent higher this year. Demand for riskier assets is rising as oil’s rebound from a 13-year low and cheaper valuations are outweighing concerns about China’s economic slowdown and the end of near-zero interest rates in the U.S.
While there is "maximum pessimism" in emerging Asia, China is still an "enormous growth story" while India is expanding at a "very nice rate," Mobius said. In Templeton’s view, the Malaysian ringgit is undervalued by 28 percent, and the country is an attractive prospect, he said.
Commodity prices bottoming out, Mobius said. He also said U.S. markets have peaked and may either go sideways or down, which is good for emerging markets. The Federal Reserve may abandon raising interest rates this year, which will see money in search of better opportunities, he said.
http://www.bloomberg.com/news/articles/2016-03-15/mobius-sees-emerging-markets-at-turning-point-after-2015-rout
The "turnaround potential" for Asia is great amid growth in the region, Mobius said in a speech in Kuala Lumpur Tuesday. It "makes me happy" that investors are underweight on emerging markets, he said.
The MSCI Emerging Markets Index last week erased its decline for 2016 and has rallied 16 percent from a 2009 low in January, while a gauge of developing-nation currencies is 2 percent higher this year. Demand for riskier assets is rising as oil’s rebound from a 13-year low and cheaper valuations are outweighing concerns about China’s economic slowdown and the end of near-zero interest rates in the U.S.
While there is "maximum pessimism" in emerging Asia, China is still an "enormous growth story" while India is expanding at a "very nice rate," Mobius said. In Templeton’s view, the Malaysian ringgit is undervalued by 28 percent, and the country is an attractive prospect, he said.
Commodity prices bottoming out, Mobius said. He also said U.S. markets have peaked and may either go sideways or down, which is good for emerging markets. The Federal Reserve may abandon raising interest rates this year, which will see money in search of better opportunities, he said.
http://www.bloomberg.com/news/articles/2016-03-15/mobius-sees-emerging-markets-at-turning-point-after-2015-rout
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?