Hot Ukrainian stocks? This big investor says yes

Veteran emerging markets investor Mark Mobius said he remained interested in some Ukrainian stocks, after surprising gains in the market this year.

"My team and I continue to be interested in Ukrainian equities where we see opportunities on the individual company level," Mobius, chairman of Templeton Emerging Markets Group, said in a blog post.

Ukrainian stocks have risen nearly 20 percent this year even as the country has suffered political unrest, regime change and a stand-off with Russia.

(Watch: Mobius not concerned about emerging markets)

Agricultural companies are among those favored by investors in this frontier stock market.

Ukrainian bonds have suffered a rollercoaster ride in recent weeks. Franklin Templeton is by far the largest institutional investor in the bonds, according to end-December filings.