Mobius heads into retirement touting fresh emerging stock highs

Singapore

AFTER decades at the forefront of emerging-market investment, Mark Mobius is heading into retirement betting the best is yet to come.

The 81-year-old guru kicked off his final television interview before leaving Franklin Templeton Investments on Wednesday predicting developing-nation stocks will set a fresh record this year. That echoed his December forecast that emerging shares will likely surpass the 2007 peak by 20 per cent, though he didn't give a timeframe then.