Mark Mobius: optimistic on emerging markets

If US growth remains strong, that will benefit exporters to the US, reckons Templeton's Mark Mobius.

Mark Mobius, executive chairman of Templeton Emerging Markets Group, remains optimistic about emerging markets. If US growth remains strong, that will benefit exporters to the US. But even if the US disappoints, emerging markets have tended to grow by around 4% a year over the long run. Longer term, emerging markets have also made big strides in reducing corruption.

Mobius thinks consumer-facing stocks are the best way to benefit. Fast-food outlets, for example, are making their first appearance in countries such as Vietnam. Meanwhile, the need for substantial investment in infrastructure should also be good for firms in the construction sector. One big downside risk is a rise in American protectionism.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

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