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Mobius Looking at Brazil, China, Russia After Slump
Submitted on 10/09/2008
Mark Mobius said he sees bargains in Russia, China, Brazil, India, Turkey and South Africa and is ready to start buying after a record plunge in emerging-market stocks. 'We now have too many things to look at so we are picking the ones that are most down,' Mobius, who oversees about $30 billion in emerging-market equities at Templeton Asset Management Ltd., said in a interview from Rome. 'If you look at valuations, you can see these stocks are at a point where maximum pessimism is playing a big role. I think we'll be very happy a year or two from now.'
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