Mobius: Egypt turmoil may have positive outcome

Emerging markets guru Mark Mobius says the geopolitical impact of the unrest in Egypt could be far-reaching and largely positive, by sparking "long overdue" reform in the region.

Templeton's emerging markets expert says he remains committed to the country, despite political turmoil which has led to violent clashes and the closure of the market. "If high growth is to be achieved, there must be change in government structures, designed to encourage investment and reduce corruption," he says. Mobius has urged investors to look past the short-term volatility in Egypt to the market's long-term potential. "Investing in frontier markets requires the ability to sort through many conflicting signals and to identify fundamental trends and capabilities. Uncertainty su...