Mobius on “Frontier” Markets

Mark Mobius, manager of Templeton Emerging Markets Investment Trust says that emerging markets have a lot of room left to run, and that “frontier markets” — those in the very early stages of developing, like Vietnam, Romania, and Kenya — are “where it’s at”.

Mobius tells the U.K.’s Telegraph TV that a big reason for his optimism is that money supply is “growing at a rapid pace globally and there’s a lot of money coming in to be invested.” Mobius also warns that investors should take a five-year plan, and stay away from trying to time the market.