Topic: Emerging Markets
By Michael Tsang [Bloomberg] -- Emerging markets are attracting more money from initial public offerings than industrialized nations for the first time ever, a warning sign to Mark Mobius that the record rally in the shares may turn into a 20 percent decline. Faster economic growth may help China, India and Brazil produce the biggest increases in IPOs and almost double ...
BRAZIL, CHINA--AND PAKISTAN?
Mark Mobius is a legend among emerging-market investors. For more than 30 years, the 73-year-old fund manager, who oversees $33 billion spread across 35 Franklin Templeton funds, has scouted for investment opportunities in unlikely places. His U.S.-listed Templeton Emerging Markets Fundhad a 109% return as of Dec. 14, compared with 73% for the MSCI ...
OPEN FRONTIERS
Stocks in emerging Europe, the Middle East, and Africa will rise 31% by the end of 2010 as cheap valuations, fast profit growth, and higher oil prices draw investors, according to a Dec. 3 Morgan Stanley report.
Michael Wang, the company's London-based emerging-markets strategist, wrote that the gain he expects from the MSCI EM EMEA (Emerging ...
