Taps Coogan – July 15th, 2023
Enjoy The Sounding Line? Click here to subscribe for free.
Mark Mobius, Mobius Capital Partners founder, legendary emerging markets pioneer, and John Templeton acolyte, recently spoke with Bloomberg BNN about his view that India is “the future” for emerging market investing:
Mark Mobius:
“What’s really happening is that there is a tremendous pressure, not only in China but in other parts of Asia, regarding the US sanction against China, preventing China from getting the technology they were getting up until now. Just last week I was in Taiwan and all the companies there in the electronics area are scrambling to reorganize their operations, their supply chain, because a lot of things they were shipping to China or manufacturing in China can’t be done anymore. So they’ve got to go into Vietnam, Thailand, Malaysia, Indonesia and so forth to rearrange things and… Apple is now moving into India to manufacture there as well…”
“India is really the future as we see it. The allocation, I believe, of any portfolio should be larger in India, than China… No country can decouple from what’s happening in the US (relative to interest rate policy) but the reality is that in India they manage the currency very well and the reserve bank in India is doing very well in looking at this exchange rate mechanism they have and I believe that they are going to be able to withstand any problems coming out of the US…”
There is much more to the discussion, so enjoy it above.
Would you like to be notified when we publish a new article on The Sounding Line? Click here to subscribe for free.
It’s funny watching this all play out. Companies are scrambling to find a place to make things because that’s how wealth is actually created.
meanwhile here in the USA we seem to be trying to find a way to do the opposite so that the 1% can not only get richer but insanely richer.