Not booking any profits now; more money coming in which have to be put to work: Mark Mobius
Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, says that there are lots of steam left in the global market, and we are seeing a lot more interest in equities globally, particularly in the US, and that helps India as well because if people are making a lot of money in the US, they want to diversify globally. They want to put their eggs in more baskets. And one of the most important baskets now is India.
Mobius further says that India is a huge market and there are lots of opportunities for global investors.They are going to take advantage of that opportunity.
I wanted to glean out a bit because overall we have seen that there has been a shift towards China as well because the valuations there were fairly comfortable. For you, I see that it is still one of the least preferred countries in terms of your geographical portfolio breakdown. What is the thesis there? Are you looking at perhaps increasing the weights in China and even the US for that matter is fairly underweight at just 9%?
Mark Mobius: Yes, we are looking at China again now and you have seen that the Hong Kong market has had a pretty good recovery.
It is about 20% up. So, there is no question that we can look at China at this stage, but emphasizing government-related companies in China because the Chinese government has been putting more and more emphasis on government companies rather than the private sector.
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