Mark Mobius: Emerging Markets Much Safer than Dollar & Treasuries

By on August 2, 2011

Global investing guru Mark Mobius said the U. S. dollar and Treasury bonds are no longer the safe havens in the investing world.  Mobius prefers emerging markets in the current environment and is also bullish on commodities and gold.  In dollar terms he expects commodities to make progress over time.

Mobius doesn’t expect a global recession to develop as consumers worldwide have cash and the propensity to spend it.  He is bullish on the prospects of China, India and Russia whose stocks have been relative laggards in the emerging world.  Mobius likes retail and packaging companies.

Mobius considers frontier markets such as Nigeria, Vietnam and Ukraine ripe for investment as they are still cheap and are not strongly correlated to the larger emerging markets.

Source: CNBC

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