Super Investor Mr.Mark MoXbius is buying more equities in emerging markets as the region’s economic growth will outperform the developed markets in the long term, and as stock valuations slipped amid market pessimism.
Mr. Mobius, Executive Chairman, Templeton Emerging Markets Group, said, “This is a wonderful time to be able to buy stocks” “Stock prices have gone down. I am more optimistic than I was when the markets were booming. I am more optimistic now because we can buy more bargains.”
The MSCI Emerging Markets Index has slumped 15% from this year’s high on March 2, 2012
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