Pessimism over China’s slowing economy is overdone and the recent poor performance in emerging stock markets is a buying opportunity, says Mark Mobius, the high-profile emerging markets investor.
Although emerging economies are growing faster than the richer world, their bourses have largely struggled to outperform developed markets.
So far this year, the benchmark MSCI Emerging Markets index has shed 1.2 per cent, and over the past 12 months the gauge has lost 21.7 per cent.
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