Global investment guru Mark Mobius upbeat on emerging markets

NEW DELHI: Global investment guru Mark Mobius has a positive outlook on emerging economies in the long term and believes that their stock markets would be at much higher levels in the course of the year than the present levels.

Mobius, the Franklin Templeton executive who pioneered emerging markets’ investing, on his blog post said, “From a long-term perspective, we continue to have a positive outlook on emerging economies.

“We believe that emerging stock markets could be much larger than they are today, and over the long term, their combined value could potentially exceed the combined value of the US, Japanese and European equity markets,” Mobius said.

“While several developed economies are still plagued by worries about their sovereign debt levels, many emerging economies are characterised by high growth rates, low debt-to- GDP ratios, and high foreign reserves,” he said.