‘New projects in Dubai, consulting, and more…’ here's what Mark Mobius plans to do next
Bloomberg reported that Mobius plans to step back from the namesake investment firm he co-founded five years ago. "London-based Mobius Investment Trust will continue to be managed by Mobius Capital Partners LLP, which is led by Founding Partner Carlos Hardenberg, according to a statement from the trust on Friday. The fund had $250 million in assets under management as of February," according to the Bloomberg report.
"Mobius, 87, set up his investment management firm in 2018 after retiring from Franklin Templeton Investments, to raise about $1 billion within two to three years. The focus of the fund was developing regions such as China, India, Latin America and frontier markets," the Bloomberg report added. Also Read: Warren Buffett's actions may have contradicted his words on personal trading, finds ProPublica report Meanwhile, Mobius is bullish about the Indian market.
As Mint reported earlier, Mobius expressed his confidence in India's economic growth and said, “ Sensex is poised to soar to new heights, with a target of 100,000 within the next five years." “India's dynamic and diverse economy is a testament to its strengths. Its linguistic and cultural diversity, which some may perceive as a weakness, is a formidable asset," said Mark Mobius at the Morningstar Investment Conference held in Mumbai. “As we look ahead, India's future is exceptionally promising.
It is a land of opportunities and innovation, with the potential to play a pivotal role in the global financial arena," he added. Also Read: Elon Musk biopic to be turned into movie soon? Tesla boss says... Also Read: Elon Musk's SpaceX will be worth half-a-trillion dollars by 2030: Billionaire investor explains why Disclaimer:The views and recommendations above
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