Mobius survey upbeat on emerging markets

By bne IntelliNews May 16, 2013

bne -

Investment guru Mark Mobius expressed rising optimism for emerging markets on May 16, insisting investors are bullish on their performance over the next decade, despite the current economic problems affecting the globe.

Mobius noted in a blog that his fund - Franklin Templeton Investments - reports in its 2013 Global investor Sentiment Survey (GISS) that sentiment towards emerging markets remains upbeat compared to developed markets. The celebrity investor argues that emerging markets enjoy fundamentally stronger macroeconomic positions that will drive both growth and performance.

According to the survey, 58% of investors residing in developed markets believe their local stock market will be up this year. However, those in emerging markets were even more upbeat, with 66% anticipating a bullish performance from equities this year.

In fact, according to the poll, emerging market investors expect an average return of 12% in 2013, and 18% over the next 10 years. Those in developed markets see a 7% average return this year, and 10% over the next decade. Russia in particular is ripe for a turnaround. Equities in Moscow are currently trading at 50% below their normal discount to emerging market peers.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Drum rolls in the great disappearing act of Russia's banks

Jason Corcoran in Moscow - Russian banks are disappearing at the fastest rate ever as the country's deepening recession makes it easier for the central bank to expose money laundering, dodgy lending ... more

Kremlin: No evidence in Olympic doping allegations against Russia

bne IntelliNews - The Kremlin supported by national sports authorities has brushed aside "groundless" allegations of a mass doping scam involving Russian athletes after the World Anti-Doping Agency ... more

PROFILE: Day of reckoning comes for eccentric owner of Russian bank Uralsib

Jason Corcoran in Moscow - Revelations and mysticism may have been the stock-in-trade of Nikolai Tsvetkov’s management style, but ultimately they didn’t help him to hold on to his ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    4 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    7 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    6 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    30 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago
  4. Saudi Arabia to scale back plans for Neom city
    19 days ago
  5. Iran vs Israel: Who is better equipped for war?
    16 days ago

Reports

Dismiss