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Templeton’s Mobius Sees China Heading in ‘Right Direction’: FUW 2014-07-08 16:16:52.86 GMT
By Jeffrey Vögeli July 8 (Bloomberg) -- Opening of formerly state-run sections of Chinese economy to bring “unexpected growth dynamic,” says Franklin Templeton fund manager Mark Mobius, according to Swiss newspaper Finanz und Wirtschaft. Mobius also says: * Some Chinese companies will go bankrupt as economy restructured * India stock market “euphoria” after Modi’s election “somewhat exaggerated,” investors should wait until market corrects * PetroChina Co Ltd, Ambev SA, Samsung Electronics Co. among Mobius’ preferred stocks
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To contact the reporter on this story: Jeffrey Vögeli in Zurich at +41-44-224-4107 or jvogeli@bloomberg.net To contact the editor responsible for this story: Frank Connelly at +33-1-5365-5063 or fconnelly@bloomberg.net