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Why Mark Mobius thinks U.S. stocks haven’t bottomed — and where he sees emerging-market opportunities

·5 min read
Why Mark Mobius thinks U.S. stocks haven’t bottomed — and where he sees emerging-market opportunities

Asked about his outlook for emerging- markets, Mark Mobius, a pioneering investor who helped to build Franklin Templeton’s emerging markets business before launching Mobius Capital Partners, argued that while the overall tone has been “generally negative” this year, there are still plenty of opportunities to be found in the emerging-markets space. The MSCI Emerging-Market Index (XX:891800) a gauge that includes shares of companies from more than 20 of the world’s biggest markets in Asia, Latin America and Africa, is down 18.4% compared with the S&P 500’s 13.4% (SPX) year-to-date.