Since regulators first started supporting the market on June 27—in the form of a surprise interest rate cute by the People's Bank of China—Shenzhen and Shanghai shares have tumbled 18 and 15 percent respectively.
While Mobius does intend to reduce Templeton's exposure to oil assets if prices continue to sink, he encourages investors to take a broader view of the sector before making a call.
In July, leaders of the five BRICS nations – Brazil, Russia, India, China and South Africa – finally laid the foundation to the long-awaited plan to set up a new development bank to rival the World Bank
Valuations in India`s equity markets are cheap but need to fall further to represent a buying opportunity, Mark Mobius, executive chairman of Templeton Emerging Markets Group, told CNBC exclusively on Tuesday.
Not everyone is convinced the widely anticipated pullback in the U.S. Federal Reserve`s bond buying is sounding a death knell for emerging markets.
Investment guru, Mark Mobius of Templeton Emerging Markets Group in an interview with CNBC's Geoff Cutmore shared his views on the global market situation and observed that better times around the corner.
Mark Mobius, Executive Chairman at Templeton Emerging Markets Group, believes the Chinese economy is still 'flying' high compared to advanced economies like the United States and Europe.
As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge - can fiat currencies survive round after round of debasement?
The end of quantitative easing would not as a big a problem as the US government deciding to take money off the table, believes Mark Mobius of Templeton Emerging Markets Group.
Investors are waking up to the reality that the European Union and the euro will survive, Mark Mobius, the executive chairman of Templeton Emerging Markets Group told CNBC on Friday. He added that he was looking to invest in the region, particularly in Eastern Europe.
The executive chairman of Templeton Emerging Markets Group, Mark Mobius sees a correction in commodities as an opportunity to buy as a long-term trend was likely to be positive. Commenting that crude prices may see a lot of volatility, he expects it to climb close to USD 200 per barrel.