Reported 6 months ago
Mark Mobius, the 87-year-old money manager, has turned bullish on Chinese stocks following a recent rally in the market, citing confidence in the rebound and favorable government measures to support the real estate sector. Although he predicts economic growth of 4% to 5% driven by a weakening yuan, Mobius still prefers the Indian stock market over China for this year, highlighting his bullish stance on India's market. He plans to launch a new emerging-market fund in September, focusing on 30 globally selected stocks for high net-worth individuals.
Source: YAHOO