EM veteran Mobius braces for fresh market crises

Franklin Templeton's Mark Mobius said investors should expect an increasing number of market crises as information flows increase and Western growth grinds to a halt.

Speaking in London this week, Mobius, executive chairman of the Templeton Emerging Markets Group, said an increasingly psychological attitude to investing is competing with investors' growing realisation of the value of ‘buy and hold' strategies. "There is no question we are going to have more and more crises. The instantaneous newsflow is having a big impact. It is no longer just the elites who can access all this information," Mobius (pictured) said. But the veteran investor repeated his belief that heightened volatility represented an investment opportunity, and said investors are ...