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India Emerging for Mobius Followers Picking Bottom
Submitted on 11/24/2008
Mark Mobius is leading a return of fund managers to India as the nation's biggest banks say demand for cars and homes will help them ride out a global recession. 'Domestic industries can build high profits and growth,' Mark Mobius, who manages more than $24 billion in emerging- market assets as executive chairman at San Mateo, California based Templeton Asset Management Ltd., said. He is buying Indian consumer-related stocks.
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