Mark Mobius Expects Emerging Markets to Begin Recovery This Year

By on January 18, 2009

Emerging markets expert Mark Mobius expects stock markets in those countries to begin a recovery this year. Monetary stimulus around the globe will trigger this rally, he says. Mobius has reduced his cash positions over the past couple of months.

“Valuations look good and with interest rates at one or below and stocks yielding up to 20% on dividends this looks very tempting for investors,” says Mobius.

Sources:

http://moneynews.newsmax.com/streettalk/mobius_emerging_markets/2009/01/06/168259.html

http://www.investmentweek.co.uk/public/showPage.html?page=833034
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