Mark Mobius, Executive Chairman of Templeton Emerging Markets Group

 

 

 

Frédéric Lorenzini : Name 3 markets to invest in for 2014 and 2015 ?


Mark Mobius : We think the most exciting opportunities currently lie in frontier markets, in particular Nigeria, Vietnam, and the UAE and Saudi Arabia.

 

F.L. : Could the US go bankrupt ?


Mark Mobius : No, we think it’s extremely unlikely.

 

F.L. : Could China overtake the US to become the world’s largest economy in 5 years’ time ?


Mark Mobius : Yes it’s quite possible, but I would say in 10 years’ time rather than 5.

 

F.L. : Name a stock investors should have in their portfolio ?


Mark Mobius : There are too many stocks I like very much…

 

F.L. : Where will we see the next bubble ?


Mark Mobius : It will probably take place somewhere in Africa where some markets which have tremendous growth, are attracting more and more money.

 

F.L. : What percentage of a developed market investor’s portfolio should be made up of emerging markets ?


Mark Mobius : We suggest around 30%. Emerging markets represent 32% of the world market capitalization.

 

F.L.: Should people trust their banker ?


Mark Mobius : When it comes to investing, it’s essential to be diversified, don’t trust your banker to do that job. Take advice from lots of different people.

 

F.L. : Is money management more a matter of discipline or creativity ?


Mark Mobius : I would say both: discipline means looking at facts. At the same time, investors should be creative and have new ideas. Investment is all about the future, not the past.

 

 

F.L. : As a fund manager, what has been your biggest mistake ?


Mark Mobius : Our biggest mistake was our failure to change our attitude regarding an Indonesian stock we held many years ago. It was a popular company which many people liked. Because it was popular, we were reluctant to sell, even when things started to go badly.

 

F.L. : How is your personal financial portfolio structured ?


Mark Mobius : One third in mutual funds, mostly my own funds; one third in property; one third in cash.

Ndlr H24: Nous avons gardé les questions et les réponses en anglais, un anglais plutôt simple à  comprendre mais nous diffuserons dans les prochains jours une traduction communiquée par le service compliance du Groupe Franklin Templeton.

Mark Mobius sera présent à  Paris le 16 mai 2014 pour la conférence Franklin Templeton, pous vous inscrire : cliquer ici

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