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Mark Mobius Weighs In on Prospects of Emerging Markets
Posted by: Dheeraj Grover (IP Logged)
Date: April 11, 2012 09:26AM
Mark Mobius, Templeton Emerging Markets Group, shares perspective on emerging markets after the major averages took a dive yesterday.
He said, "We are in pretty good shape for emerging markets." Good growth is expected from emerging markets and they are going to perform well versus the developed economies due to their low debt to GDP levels and high foreign reserves.
He expects an average GDP growth of 5% from emerging markets, which is pretty fast growth and will result in higher earnings.
Here is the video:
Stocks Discussed: SPY, DJI, QQQ,
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