Taps Coogan – March 21st, 2022

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Mark Mobius, Mobius Capital Partners founder, legendary emerging markets pioneer, and John Templeton acolyte, recently spoke with CNBC to reiterate his bullish outlook for most emerging markets, excluding China, while warning investors in Europe should diversify away from the continent, warning that the “worst is yet to come” in the Russia/Ukraine war.

Some excerpts from Mark Mobius:

“The worst could (still) come because if you’re sitting in Europe, it’s not a very safe place to be, obviously… because Putin may ramp up his aggression and decide to go after after some of the European countries that are supporting Ukraine… This is a very good lesson in diversification by the way. Europeans that have not diversified away from the European markets are not sitting pretty at this stage… You have an interesting situation where Brazil is up, most of the Asian markets are either flat, with the exception of China, (or) not really going down to any great extent. It is very, very important at this stage to be diversified, particularly into Asia, Latin America, and even Africa…. Europe is not a safe place to be at the moment.”

There is more to the interview, so enjoy it above. 

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