Mark Mobius: We Will Be Investing in Iran in 10 Years

Templeton emerging markets gurus Mark Mobius and Carlos Hardenberg pick their favourite frontier markets for growth and say Iran will be a hot spot in the future

Emma Wall 18 May, 2017 | 3:55PM

When Mark Mobius joined Franklin Templeton in 1987 as president of the Templeton Emerging Markets Fund there were only six countries he could invest in; Hong Kong, the Philippines, Singapore, Malaysia, Mexico and Thailand. Now, there are more than 80 countries open to Mobius and lead portfolio manager of TEMIT Carlos Hardenberg.

Of those 80 their preferred markets for investment today are Romania, Kenya, Bangladesh, and Peru, where they are seeing encouraging reforms and supportive demographics.

“Over the past five years the global environment has been very fragile,” says Hardenberg. “We have had issues in South Africa, Argentina, the Middle East – and now Trump and Brexit. We take the pulse of countries to work out where to invest. How easy is it to get a license to do business? What is the impact of the internet? Is there a brain drain? Are the demographics supportive of economic prosperity?”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Templeton Emerging Mkts Invmt Tr TEMIT849.00 GBX-1.16

About Author

Emma Wall  is former Senior International Editor for Morningstar

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