Mark Mobius: China to Benefit from Brexit

By on July 2, 2016

Mark Mobius - TempletonOn CNBC this week, emerging markets expert Mark Mobius said Brexit would benefit eastern Europe as manufacturing moves from the UK to those economies.

Mobius added that Brexit would shift the financial center of gravity to Asia.

The pace at which China frees up the Renminbi would be the determining factor in the speed of economic trading and IPOs shifting to the Asian region, according to Mobius.

Back in April 2015, Mobius was bullish on several Asian countries (link).

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