Mark Mobius Says Buy Russia and Nigeria

Mark Mobius is a superbull. In fact, he’s confident that the global markets are facing a five-year bull environment, as massive liquidity injections from central banks will start to do the trick.  And then things will start to happen: Emerging markets will outperform. Nigeria will attract lots of attention. Even Zimbabwe is looking like an interesting investing opportunity.  “The U.S. outperformed emerging markets last year, [and] now emerging markets are coming back and outperforming,” Mobius, executive chairman of Templeton Emerging Markets Group, said in an interview with MarketWatch on the sidelines of this year’s FundForum International in Monaco.

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Politics Could Whip Up New Emerging Markets Storm

A stabilization in emerging markets after January's rout may turn out be the calm before the storm if political flare-ups and Fed policies provide the spark for the next round of selling.   Currencies in Turkey, South Africa, Hungary and Russia, which suffered violent sell-offs over the past month, have recovered slightly, partly because central banks have fought back via interest rates hikes or exchange rate interventions.

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Central Banks Want to Hold Emerging-Market Currencies

Central banks want to add Chinese yuan and other emerging market currencies to their emergency cash stocks, according to a new International Monetary Fund survey, a change that could redefine the world’s reserve currencies.

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