(Bloomberg) Emerging-market stocks have tumbled more than is justified because demand for raw materials continues to boost economic growth in those nations, Mark Mobius said.
``The correction seems to be overdone but not necessarily over because sentiment globally is very bad,'' Mobius, who oversees about $40 billion in emerging-market equities as executive chairman of Templeton Asset Management Ltd. in Singapore, said in a Bloomberg Radio interview. ``Demand for these commodities will continue at a pretty high level, simply because of the demand from China, India and these other countries.''
Read the entire story from Bloomberg
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment