Buy Brazil, Russia and Turkey, says Mark Mobius

Veteran fund manager Mark Mobius says the carnage in the eurozone has created 'great opportunities' in emerging markets.

Europe's debt problems may be spiralling out of control, but emerging markets fund manager Mark Mobius isn't worried. He tells Bloomberg that governments around the world will fuel demand for equities by keeping interest rates low.

As a result, the 74-year-old manager of Franklin Templeton Emerging Markets Group is confident that Europe's problems "won't drag everyone down" into a recession. "We just don't see any cause for alarm in the sense of things completely drying up and there being a situation where nobody buys anything", says Mobius.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.