‘BULL MARKET’ IN EQUITIES HAS BEGUN: MARK MOBIUS
The next “bull-market” rally has begun and there are bargains in every emerging market following a record slump in stocks, Templeton Asset Management Ltd’s executive chairman Mark Mobius said. “You have to be careful not to miss the opportunity,” said Mobius. “With all the negative news, there is a tendency to old back.” Emerging markets are in “better shape” than developed economies, Mobius said. The fund is looking for companies that are “cash-rich,” have low debt and higher dividend yields, or those that can invest for future growth yet have cash left to pay shareholders, he said.
