Jet-setting Emerging Markets star fund which is designed for Canadian investors, will invest in companies across the Asia region including Sri Lanka.
“Asia has witnessed a tremendous transformation since we began investing there in 1987. It is now home to some of the fastest growing economies globally,” said Mark Mobius, the lead manager of Templeton Emerging Markets Fund.
The number of listed companies in Asian emerging markets has grown by 206% over the last 20 years versus 36% in developed countries.
Valuations in Asia have increased of late, but growth and profitability “still appear strong, indicating, in our view, strong fundamentals. As bottom-up value investors, we are still able to find attractive stocks on an individual basis in most Asian markets,” quoting Mobius, National Post reported.
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