Mobius still optimistic about EMs

Current underperformance is temporary, he says. Loomis, Sayles & Co says there are attractive returns in fixed income

EMERGING equities are generally out of favour at the moment, but Mark Mobius, executive chairman of the Templeton Emerging Markets Group, is optimistic that the current underperformance is temporary. Elsewhere, Loomis, Sayles & Co portfolio manager Elaine Stokes says there are opportunities for "nice, positive returns'' in fixed income even in an environment of gradually rising interest rates.


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