The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
CSE NEWS+ 2022Thu May 26, 2022 5:40 pmruwan326
Will CSE close for long period?Mon Apr 18, 2022 11:52 amHUNTER
Margin Trading Facility Fri Feb 18, 2022 12:02 pmpjrngroup
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
avatar
prasa2004
Posts : 6
Join date : 2014-02-28

Mobius Sees Emerging Markets at Turning Point After Rout Empty Mobius Sees Emerging Markets at Turning Point After Rout

Tue Mar 15, 2016 11:46 am
Message reputation : 100% (1 vote)
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
Back to top
Permissions in this forum:
You cannot reply to topics in this forum