Mobius bullish on Brics despite slowdown

Emerging markets rallied in April with inflows into the asset class turning positive, according to Fr...

Emerging markets rallied in April with inflows into the asset class turning positive, according to Franklin Templeton’s Mark Mobius. He said the turnaround was the result of bargain hunting investors seeking out undervalued and oversold stocks in the region. Asian markets have been the strongest performers, with China and India recording double-digit returns despite slowing economic growth, Mobius said. “Our portfolios currently have significant exposures to China, India, South Korea, Russia, Brazil, South Africa and Turkey. China is a well known growth story. We expect growth to remai...