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Templeton bets on 'multi-decade' EM opportunity

Firm is betting on Mexican peso, Malaysian ringgit and Indonesian rupiah
Wednesday, October 7, 2015 - 05:50
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The Mexican peso has fallen 12 per cent this year and reached record lows, while the ringgit tumbled 20 per cent to levels last seen during the 1997-1998 Asian financial crisis.

New York

THE recent selloff in emerging-market assets, including Mexico and Malaysia's currencies, has opened up investment opportunities not seen for decades, according to Franklin Templeton's Michael Hasenstab, who's well known for making contrarian bets.

"On a valuation basis,