Posted by meb at March 14th, 2009

Mark Mobius, the investor who oversees more than $3.5 billion invested in Turkey, said Turkey, Egypt, China and Brazil are countries to invest in.

Emerging markets are more attractive compared to developed ones, as they will recover faster, Mobius, chief of Templeton Asset Management, said in an interview with Newsweek magazine.

“Investors are generally pessimistic and this is the time to start investing,” he said. “The biggest danger ahead is pessimism, which is at its peak. This is the time to buy. I foresee a 20 percent increase in the emerging stock markets.”

Templeton has $20 billion in emerging market assets.
source: Hurriyet daily news

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