Taps Coogan – February 5th, 2021

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Mark Mobius, Mobius Capital Partners founder and emerging markets pioneer, recently spoke with ET NOW about his outlook for emerging markets and India in particular, which he has described as his favorite emerging market for the last few years.

Mr. Mobius, who was one of the only high profile investors to go on the record as outright bullish on global markets when everyone was calling for a double-dip crash, still sounds quite bullish on global equities. He does warn, however, that:

“Things are getting pretty hot. It’s an indication that we are getting to a very euphoric stage of the game. But at the same time… okay there’s that part of the market that’s very euphoric… but there are other parts of the market that aren’t there yet… So, I still think we are away from the top of euphoria…Keep your head in the books and look at what the numbers are telling you and be very, very conservative in the way you invest…”

With regards to India, he points to pro-growth economic reform initiatives, the privatization of poorly run state-owned industries, and strong demographics as reasons for his bullishness India.

Enjoy the full interview below:

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