Too early to pick up shares in developing markets: Mobius

Hong Kong

MARK Mobius says investors should hold off from buying developing nation shares as a rebound from six-year lows will be short-lived amid widening price swings.

"We have a little bit to go before we see stabilisation, but volatility will remain," Dr Mobius, chairman of the emerging markets group at Franklin Templeton Investments, said in an interview with Bloomberg Television. "We are sitting on cash."