• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Billionaire Mark Mobius says he’s so bullish on emerging markets that all his money is outside the US
Finance

Billionaire Mark Mobius says he’s so bullish on emerging markets that all his money is outside the US

July 29, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Billionaire Mark Mobius says he's so bullish on emerging markets that all his money is outside the US
Share
Facebook Twitter LinkedIn Pinterest Email
mark mobius

Richard Brian/Reuters

  • Billionaire investor Mark Mobius confirmed all of his money is outside the US.

  • That’s because he’s so bullish on emerging markets, he told CNBC.

  • Mobius said he is focusing his investments on Taiwan, South Korea, and India.

Billionaire investor Mark Mobius confirmed he has no US investments, saying he is bullish on emerging markets in Asia.

“I’m all international and emerging markets in particular,” the Mobius Capital Partners founder said in an interview with CNBC on Thursday.

Mobius said he is focusing his investments in Taiwan, South Korea, and India. But he sounded more cautious on China, saying he is looking at Hong Kong-listed companies because they have attractive valuations.

He added that the world’s second-largest economy is still going through a “tremendous adjustment” that will make it “very difficult for many companies.”

Companies in countries like Korea are also exposed to China as they export to customers there, and are looking to diversify to reduce their dependence on China, Mobius said.

As a result, he is looking for companies that have found alternative markets, while acknowledging that Korean and Taiwanese companies would have trouble completely cutting off their exposure to China.

“We want companies that have been diversified internationally, and we’re finding a number of these companies with incredible technology so they’re able to diversify their investor base,” he said.

Mobius previously cautioned investors on China, as he was unable to withdraw his funds from his Shanghai HSBC account due to the government’s capital controls. But he later said those issues were resolved.

See also  Navigating New Horizons: Uzbekistan’s Role in Global Connectivity

And while some observers have expressed concern over potential conflict between China and Taiwan, Mobius believed tensions were unlikely to boil over anytime soon.

Any attack delivered on Taiwan would likely face resistance from the US, and China’s economy is dependent on US markets, he said.

Mobius has also turned more bullish on India, as companies like Apple are shifting towards India in order to diversify their business away from China. India’s population of 1.4 billion is also larger than China’s, and its GDP is growing at a rate of 7% a year. Those factors can help the nation become a significant supply base in the future, he said.

In Korea, Mobius was enticed by the nation’s impressive technological developments, pointing to one company he invested in that’s developing machines to smooth over wrinkles.

Other Wall Street commentators have turned optimistic on emerging market investments as financial conditions tighten in the US. Emerging markets could top the US in the global stock market starting in 2030, Goldman Sachs estimated. Meanwhile, the MSCI Emerging Markets exchange traded fund has risen 10% this year.

Read the original article on Business Insider

Billionaire bullish emerging Hes Mark Markets Mobius money
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tale Of Two Markets: Chinese Stocks Slump As US Shares Soar

May 13, 2025

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

New Covid Variant Causing Pink Eye

April 28, 2023

How you can save $500 or more on a flight to Europe this year

July 15, 2023

Dow Jones Futures Fall: Nasdaq Pullback Clearly Underway; Tesla Skids While Nvidia, AMD Diverge

June 22, 2023

Crest 3D White Strips Are 30% off on Prime Day

July 13, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Trump Is The Most Hated Brand In The United States

June 2, 2023

Wall Street’s top strategists say this year’s stock market rally is probably over

August 26, 2023

European Airline Creates First Adults-Only Zone with No Babies Allowed

August 31, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.