Veteran investor Mark Mobius believes the “richest, untapped opportunity” of investing lies in emerging markets and that India tops his list of markets to invest in.
What Happened? Mobius, referring to a Fox Business interview on Wednesday, tweeted about how he believes that India, alongside Taiwan offers massive growth potential as a top emerging market in Asia.
The investor also mentioned that he also has a close watch on the Indonesian and Thai economy, highlighting his particular appreciation toward companies that focus on technology that improves efficiency.
The Mobius Capital Partners’ founder who isn’t the most avid Twitter user when it comes to sharing investment rationale, recently tweeted about how bullish he is on India's IT sector as he thinks that the country could soon play a major role in global semiconductor production — a point that he reiterates in the Fox Business interview.
Read Next: Zomato Shares Regain Momentum As Credit Suisse Sees Potential Growth Spurt
Commenting on India’s market position in the backdrop of the ongoing Russia-Ukraine war, Mobius says, “India is benefiting from what is happening in Ukraine because they are getting very cheap Russian oil and generally speaking, they’re going from strength to strength.”
The investor also recently spoke about how events surrounding Adani Group should serve as a "good reminder" for investors to "rethink passive investing."
Commenting on the market after Hindenburg Research’s scathing report on Adani companies, the pro-India investor said he was glad to see Indian markets rebounding as quickly as they are, and that it was wrong to paint all Indian companies with the "same broad brush."
Read Next: Adani Green Scores ₹3600-Cr International Deal — Markets Still Unimpressed As Shares Fall 5%
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.