Mobius buys into BRIC during recent weakness

Hysni Kaso
27 May 2010

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Franklin Templeton's Mark Mobius has been buying into BRIC stocks in the past month on the belief the current share slump is only a correction in a bull market.

Mobius, who oversees about $34bn in emerging markets assets, says stocks in the developing world are set to recover faster and in a "big way". The MSCI Emerging Markets Index has dropped 15% from its...

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