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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Looking for Emerging Markets Bargains

Mark Mobius is bargain-hunting for emerging-markets stocks. But the selloff may need to deepen before this veteran value investor gets really interested.  “We view such selloffs as opportunities to pick up bargains if, in fact, the prices move low enough,” said the globe-trotting, 77-year-old executive chairman of Franklin Templeton’s Templeton Emerging Markets Group, via email.

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