For top investors like Mark Mobius, the Asian equities rally has only just begun
Investment movers and shakers are excited about the Asian equities rally, and Mark Mobius has a plan to make money out of Trump trade protectionism
Beijing — Asian equities have overcome uneven earnings, a resilient yen and Donald Trump to outpace global markets this year. Top investors including Mark Mobius say the rally has only just begun. For Mobius, it’s the lure of the region’s rising middle class. Lower valuations keep Alan Richardson at Samsung Asset Management bullish on a market that has more than three times the gains of the Stoxx Europe 600 this year, outpacing the record-setting S&P 500. Mobius even has a plan for avoiding fallout from any Trump administration protectionist measures against Asian countries. "The outlook for Asian equity markets is very good compared with the rest of the world," said Mobius, executive chairman of Templeton Emerging Markets Group, which has about $24bn under management. "Economic growth numbers projected for the region are far above those of other parts of the world, particularly Europe and the US." His firm was "excited" by an uptick in consumerism in Asia, he said. Behind the optim...
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