Richard Brian/Reuters
Billionaire investor Mark Mobius confirmed all of his money is outside the US.
That’s because he’s so bullish on emerging markets, he told CNBC.
Mobius said he is focusing his investments on Taiwan, South Korea, and India.
Billionaire investor Mark Mobius confirmed he has no US investments, saying he is bullish on emerging markets in Asia.
“I’m all international and emerging markets in particular,” the Mobius Capital Partners founder said in an interview with CNBC on Thursday.
Mobius said he is focusing his investments in Taiwan, South Korea, and India. But he sounded more cautious on China, saying he is looking at Hong Kong-listed companies because they have attractive valuations.
He added that the world’s second-largest economy is still going through a ”tremendous adjustment” that will make it ”very difficult for many companies.”
Companies in countries like Korea are also exposed to China as they export to customers there, and are looking to diversify to reduce…
2023-07-28 21:01:50
Original from finance.yahoo.com
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