Mark Mobius, executive chairman of the Templeton Emerging Markets Group, has shared his view on the "turn in fortunes" for emerging markets in the first quarter of this year.
Emerging markets had a strong first quarter, thanks to a rally in the latter half of the period, following a turbulent 2015 caused by the slowdown in China and falling commodity prices. Mobius (pictured) highlighted the improved performance at the start of 2016 has been helped by the easing of concerns surrounding the renminbi, impeachment proceedings in Brazil and a rally in commodity prices. As a result of these strong drivers he forecasts emerging markets are set to grow by 4.3% in 2016, more than double the 2.1% expected for developed markets. Latin America, Africa and the Mi...
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