You are here

Templeton bets on 'multi-decade' EM opportunity

Firm is betting on Mexican peso, Malaysian ringgit and Indonesian rupiah

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,...

Market voices on: