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Watch CNBC’s full interview with veteran investor Mark Mobius
  + stars: | 2024-03-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with veteran investor Mark MobiusMark Mobius, chair at Mobius Emerging Opportunities Fund, joins 'The Exchange' to discuss the opportunities he sees in Indian markets, the geopolitical implications of a growing Indian economy, and more.
Persons: Mark Mobius Mark Mobius Organizations: Fund
Here's why veteran investor Mark Mobius is bullish on India
  + stars: | 2024-03-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why veteran investor Mark Mobius is bullish on IndiaMark Mobius, chair at Mobius Emerging Opportunities Fund, joins 'The Exchange' to discuss the opportunities he sees in Indian markets, the geopolitical implications of a growing Indian economy, and more.
Persons: Mark Mobius, India Mark Mobius Organizations: Fund Locations: India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia will continue to be important but 'we're not giving up on China,' says Mark MobiusMark Mobius, founder and CEO of Mobius AI Investments, also discusses the Latin American markets that stand out to him.
Persons: Mark Mobius Mark Mobius Organizations: India, Mobius Locations: China
Meanwhile, there is growing excitement that the U.S. Securities and Exchange Commission will approve the first ever bitcoin ETF, after years of opposition. With all of this excitement comes some quite bold predictions about bitcoin's price. "No rationale for that prediction," Mobius said, except that a bitcoin ETF looks likely and "that has heightened interest" in the cryptocurrency. Yang attributes the anticipated price rise to a bitcoin ETF being approved, leading to higher institutional investment in bitcoin, as well as May 2024's bitcoin halving, which would result in the bitcoin supply being constrained. Alexander told CNBC that during the first quarter of 2024, bitcoin will trade within the $40,000 to $55,000 range, owing to "professional traders creating volatility."
Persons: Filip Radwanski, Bitcoin, bitcoin, FTX, Sam Bankman, Fried, Binance's Changpeng Zhao, Mark Mobius, Mobius, Yang, Luna, James Butterfill, Butterfill, Antoni Trenchev, Trenchev, Carol Alexander, Alexander, Coinbase, Matrixport Organizations: Getty, CNBC, Department of Justice, U.S, U.S . Securities, Exchange, Chartered, University of Sussex, Exchange Commission, SEC, Fidelity, Blackrock, Federal Reserve Locations: U.S, bitcoin, Blackrock
A plan by Argentina's president-elect to dollarize the economy won the backing of Mark Mobius. The veteran emerging-market investor said the currency shift would be an "incredible boost" for the economy. The comments from the veteran emerging-market investor come after Javier Milei won Argentina's presidency over the weekend, bringing his dollarization plans a step closer to reality. Dollarization critics have warned that a sudden currency switch could trigger a recession, citing a shortage of dollar reserves at Argentina's central bank. AdvertisementMobius also warned that the current condition of Argentina's economy has made investing there difficult.
Persons: Mark Mobius, , Javier Milei, Milei, Mobius, Milei's, it's Organizations: Service, Bloomberg, Argentina's, Mobius, Federal Reserve Locations: Argentina, Argentina's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's incredible potential for growth in India, says Mobius Investment's Mark MobiusMark Mobius, president of Mobius Investment Consulting, joins 'The Exchange' to discuss the impact of rising political risk on China's stock market, investment opportunities in the region, and more.
Persons: Mobius, Mobius Mark Mobius Organizations: Mobius Investment Consulting Locations: India
China just posted a quarterly foreign investment deficit for the first time. Officials have released foreign direct investment figures each quarter for the past 25 years – and it's the first time the gauge has turned negative, Reuters reported. The deficit suggests that western countries and companies are shunning China with Sino-US tensions steadily rising and new anti-spying laws spooking international investors. Analysts flagged that clampdown as one factor driving the decline in foreign direct investment. The foreign direct investment deficit is far from the only economic headache that Beijing faces.
Persons: China's, , Joe Biden, Duncan Wrigley, Mark Mobius, he'd Organizations: Service, State Administration of Foreign, Reuters, Analysts, Macroeconomics, Bloomberg, " International, Micron, Bain, Co Locations: China, Beijing, Shanghai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm generally pretty bullish despite high interest rates, says veteran investor Mark MobiusMark Mobius, veteran investor and Mobius Capital Partners founding partner, joins 'Squawk Box' to discuss the Fed's inflation right, interest rate path outlook, global investment landscape, the case for emerging markets, and more.
Persons: Mark Mobius Mark Mobius Organizations: Mobius Capital Partners
Veteran emerging markets investor Mark Mobius has named Alibaba and Tencent as key stocks in any portfolio investing in developing economies. Mobius said the Chinese technology giants "could be the foundation of any portfolio" despite recent volatility. Mobius is known for his long-term conviction picks of smaller companies, but stressed the resilience of the two Chinese tech titans. The fund manager said he likes the agility and profitability of smaller tech companies in the region but acknowledged geopolitical risks. So these companies are really very interesting companies," Mobius added.
Persons: Mark Mobius, Mobius, Alibaba, BABA, Franklin Templeton, they're, CNBC's, James Lee, Mizuho, It's Organizations: NYSE, Mobius Capital Partners, Hong, Investment, Mizuho Securities, Franklin, Taiwan Semi, Nvidia, AMD, Fund, Zilltek Technology Locations: Hong Kong, China, Taiwan, Beijing, TSMC, California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Mobius names the two 'foundation' stocks needed for any emerging market portfolioVeteran emerging markets investor Mark Mobius says Alibaba and Tencent are the "foundation stocks" that should be included in any portfolio investing in developing economies.
Persons: Mobius, Mark Mobius Organizations: Veteran
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Mobius says India's Adani group of companies has 'a lot of leverage'The recent issues besetting India's Adani group of companies are "overblown," said Mark Mobius, founder of Mobius Capital Partners and an emerging markets investment specialist.
Persons: Mobius, Mark Mobius Organizations: Mobius Capital Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's emphasis will change from real estate to tech, says Mark MobiusMark Mobius, Mobius Capital Partners founding partner, joins 'Squawk on the Street' to discuss Mobius' perspective on investing in China, which sectors have investing opportunities, and much more.
Persons: Mark Mobius Mark Organizations: Mobius Capital Partners Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Mobius says investors will diversify away from U.S. and into equities after Fitch downgradeMark Mobius, founding partner of Mobius Capital Partners, discusses Fitch Ratings downgrading the United States’ long-term foreign currency issuer default rating to AA+ from AAA.
Persons: Mobius, Mark Mobius Organizations: Fitch, Mobius Capital Partners, AAA Locations: U.S, States
Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top economists say there is nothing to worry about. U.S. stock futures were sharply lower after the downgrade, pointing to a fall of almost 300 points for the Dow Jones Industrial Average at the Wednesday open on Wall Street. Current Treasury Secretary Janet Yellen described the downgrade as "outdated." Phillips said the downgrade "should have little direct impact on financial markets as it is unlikely there are major holders of Treasury securities who would be forced to sell based on the ratings change." Harvey noted that, ahead of the 2011 S&P downgrade, stocks were in correction territory, credit spreads were widening, rates were falling, and the global financial crisis "was still in the market's collective conscience" — whereas the conditions today are "almost the opposite."
Persons: Fitch, Larry Summers, Mohamed El, Erian, Summers, Janet Yellen, Goldman Sachs, Alec Phillips, Phillips, Wells, Chris Harvey, Harvey, Mark Mobius, they've, CNBC's Organizations: United, AAA, Dow Jones, U.S ., Allianz Chief, Treasury, Wells Fargo Securities Head, Equity, CNBC, ., Mobius Capital Partners Locations: United States, London, Asia, Pacific, Wells Fargo, U.S
The nation's booming tech scene, buoyant stock market, and youthful population are just some of the factors going for it. Billionaire investor Ray Dalio has said the country is ready for rapid growth, while Elon Musk has highlighted the prospect of Tesla building a factory there. Apple CEO Tim Cook has also voiced his optimism toward India, while Goldman Sachs predicts the South Asian economy to surpass the US in size by 2075. Goldman Sachs expects the South Asian nation's GDP to surge to $52.5 trillion by then, from $3.4 trillion at the end of 2022. His sanguineness toward India has seen Apple open its first two stores in the country earlier this year.
Persons: Ray Dalio, Elon Musk, Tim Cook, Goldman Sachs, Here's, Tesla, Musk, Narendra Modi, Modi, Dalio, Deng Xiaoping, Mark Mobius, Mobius, , He's Organizations: Service, Billionaire, Apple, Wall, Elon, Twitter, Reuters, Bridgewater Associates, Bloomberg, Big Tech Locations: India, Wall, Silicon, China, Washington, Beijing
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. "I'm all international and emerging markets in particular," the Mobius Capital Partners founder said in an interview with CNBC on Thursday. 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.
Persons: Mark Mobius, Mobius, Goldman Sachs Organizations: CNBC, Service, Privacy, Mobius Capital Partners, Companies, Shanghai HSBC Locations: Taiwan, South Korea, India, Wall, Silicon, Asia, China, Hong Kong, Korea, Shanghai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVeteran investor Mark Mobius explains why he's only investing outside the U.S.Mark Mobius, veteran investor and founding partner of Mobius Capital Partners, joins 'Squawk Box' to discuss where he's investing his money these days, the appeal of international and emerging markets, and more.
Persons: Mark Mobius Organizations: U.S, Mobius Capital Partners
Bitcoin made a stunning jump in the first half of 2023, hitting $30,000 again for the first time in months. Five market experts responded to CNBC questions via email, and three said they expect bitcoin to reach the $50,000 level by the end of 2023. That is a net annual reduction in selling of BTC 250,000 — a large number relative to bitcoin market turnover." "We previously predicted that this driver would add USD 10,000 to the bitcoin price," he added. Mobius said he expects bitcoin to climb to $40,000 by the end of 2023, citing investor "belief" in the digital coin.
Persons: Bitcoin, Carol Alexander, Geoff Kendrick, Kendrick, Antoni Trenchev, wouldn't, Mark Mobius, Tim Draper, Mobius, bitcoin, Draper didn't, , Kevin Schmidt Organizations: BlackRock, CNBC Pro, CNBC, Sussex University, SEC, British, Chartered, Standard Chartered, BTC, Federal Reserve, Mobius Capital Partners, Draper Associates, Trust, Fidelity, U.S . Securities, Exchange Commission Locations: Terra, Binance
China is signaling to the rest of the world that it's open for business again. Both Elon Musk and Janet Yellen have made trips to Beijing recently. But less money is flowing into the country – with foreign investors likely alienated by Xi Jinping's authoritarianism. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Spooked investors responded by dumping Chinese stocks in a $6 trillion blowout, while the onshore Chinese yuan dropped against the US dollar.
Persons: Elon Musk, Janet Yellen, Xi, Li Qiang, John Kerry, Mark Mobius, he'd Organizations: Service, Privacy, China, Tesla, Communist Party, Bain, Co, Big Tech Locations: China, Beijing, Wall, Silicon, Tianjin, Shanghai, West
India has overtaken China as the world's most populous country, and it's pushing for foreign investments. But foreign investors keen to enter the Indian market face various barriers to entry. Earlier this year, India overtook China as the world's most populous country. Among investors keen on investing in India are Tesla and SpaceX CEO Elon Musk, and tech giant Apple. But given the huge Indian market, Tesla isn't giving up.
Persons: , Narendra Modi's, Elon Musk, Mark Mobius, Modi —, Modi, Musk, Ashutosh Sharma, Forrester, That's, Sharma, India's, Mukesh Ambani Organizations: Service, India, Indian, Tesla, SpaceX, US International Trade Administration, ITA, Bank, World Bank, US, Reliance Industries SpaceX, Reliance, Reuters, Ambani's Locations: India, China
Ray Dalio praised India's economic potential Thursday after meeting with the country's prime minister Narendra Modi. The Asian country is "at the brink of the fastest growth rates and biggest transformations in the world," the billionaire investor said. Tesla CEO Elon Musk also met Modi this week, pledging to ramp up the EV maker's presence in India. Legendary investor Mark Mobius also said he was bullish on investing in India – which logged strong GDP growth of 7.2% last year – this week. Read more: Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India
Persons: Ray Dalio, Narendra Modi, Elon Musk, Modi, , Dalio, Deng Xiaoping, Mark Mobius, Mobius Organizations: Service, Bridgewater Associates, Twitter, Mobius Capital Partners, Bloomberg Locations: India, Washington, Beijing, China
Legendary emerging markets investor Mark Mobius is bullish on India. He told Bloomberg that India — whose GDP growth hit 7.2% in the last year — is the "real future." "To me, India is the real future," Mobius, the cofounder of Mobius Capital Partners, told Bloomberg on Tuesday. Mobius told the news outlet he wasn't put off by a short-seller report targeting the Adani conglomerate earlier this year. "I was at the Expo in Dubai and one of the boy bands was entertaining and it's an Arab audience and they all knew the words," Mobius told Bloomberg.
Persons: Mark Mobius, He's, , China, Mobius, wasn't, he's wasn't Organizations: Bloomberg, India, Service, Mobius Capital Partners, Fox Business, HSBC, South China Morning Post Locations: India, Korea, China, Taiwan, Beijing, Shanghai, Dubai
Chinese investor participation will revitalize the country's market, Mark Mobius said. "Going forward, it'll be the Chinese investors who will revive the Chinese market, because at the end of the day, it's not foreign investors who drive the Chinese market. It's the Chinese investors," the Mobius Capital Partners co-founder said. As the economy has disappointed, even investors in China are bailing on Chinese markets and shifting their money overseas. Because remember, the Chinese look at property as an investment — as a very key investment, a much bigger thing than in other parts of the world," Mobius said.
Persons: Mark Mobius, , it'll, it's, Mobius Organizations: Bloomberg, Service, Mobius Capital Partners Locations: China, Beijing
Here's where Mark Mobius is looking to invest outside the U.S.
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's where Mark Mobius is looking to invest outside the U.S.Mark Mobius, founder of Mobius Capital Partners, discusses which emerging markets look most appealing. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuffett's Japanese stock purchases could indicate a bigger plan, says Mobius Capital's Mark MobiusMark Mobius, founding partner at Mobius Capital Partners, joins 'The Exchange' to discuss Warren Buffett increasing his stake in five Japaneses companies, and finding value overseas.
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