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Similar to John Burbank of Passport Capital, Emerging Markets Guru Mark Mobius Is Bullish on Saudi Arabia
Posted by: CanadianValue (IP Logged)
Date: March 8, 2012 05:01PM
Mobius is likely the biggest allocator of capital into emerging market equities and therefore has very good information on which markets to focus on.
Comments from the video below include:
- Global money printing is positive for frontier markets because the money needs a home.
- Likes Nigeria, Vietnam, Saudi Arabia, Egypt, Dubai and Kazakhstan.
- An investment to take advantage of tension over Iran is Dubai which is the safest market in the region.
- Expectation is that thr Saudi market will be open to global investors late this year.
- Mobius is already investing in Saudi Arabia
- Mobius is getting a lot of interest from Latin America where pension funds have outgrown their local markets. He is also seeing a lot of money come in from the Middle East where oil money has created more cash to invest.
Guru Discussed: John Burbank: Current Portfolio, Stock Picks
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