Emerging Markets Guru Mark Mobius – India a 50-year rally

Emerging Markets guru Mark Mobius is bullish on India

Thanks to my friend Mugunthan Siva, Managing Director, India Avenue Investment Management for spotting this one!

“India is on a 50-year rally,” even when there are quick bouts of bear markets, veteran Emerging Markets investor Mark Mobius mentioned in an interview on Bloomberg Tv. “India is possibly the place China was once 10 years in the past,” he said.

A man of his word, Mark Mobius has allotted nearly half of his emerging-markets fund to India and Taiwan to assist offset a slide in China shares that has dragged down returns from creating nations as an entire.

Mobius’ bullish view on India clashes with these of analysts at Morgan Stanley and Nomura Holdings Inc, who’ve downgraded the inventory market after the benchmark S&P BSE Sensex Index greater than doubled from a March 2020 low.

“Individuals say emerging-markets look unhealthy as a result of China is dragging down the index, however they’ve got to have a look at different areas similar to India which can be going up,” mentioned Mobius, who created Mobius Capital Companions LLP after a profession at Franklin Templeton Investments.

The Mobius Rising Markets Fund has a mixed 45% of its portfolio allotted to India and Taiwan, with tech {hardware} and software program the largest holdings in these markets. Indian software program companies supplier Persistent Techniques Ltd. and eMemory Know-how Inc, a Taiwanese chip know-how supplier, have been amongst its largest stakes as of end-September. The shares have each greater than doubled this year.

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

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