Mark Mobius: These emerging markets sectors are set for explosive growth (Pt. 2/2)
(Kitco News) - There are a myriad of investment opportunities outside of domestic U.S. markets, and one legendary investor has proven that the emerging markets (EM) are ripe with such opportunities.
The Mobius Emerging Markets fund of Mobius Capital Partners has returned 70% this year, according to its co-founder Mark Mobius.
Speaking to Michelle Makori, editor-in-chief of Kitco News, Mobius said that his top EM jurisdictions are India, Taiwan, Korea, and China.
"We have some investments in Turkey, in Latin America and Brazil, and in South Africa, in addition to one investment in Kenya, so we're very global," he said.
Mobius, who is considered to be the founder of the emerging markets asset, has placed investments that align with the fastest growing sectors of their respective countries.
"In India, we've invested in the healthcare sector, particularly in diagnostics area. Of course, with COVID, the need for diagnosis, testing, is high," he said. "We're also investing in India's software. Of course, there's a great need for enterprise software, not only in India but around in the world. In India, they're doing particularly well. Despite COVID, a lot of people forget that India's got a billion people and not all of them are affected by COVID. Many of them are getting vaccinated, and it's a young population, so they're naturally more resistant to COVID."
Other sectors that Mobius likes are semiconductor companies in Taiwan, China, and Korea, medical care in China, and education in Egypt.
"A lot of people don't realize that in these emerging markets, there's big demand in education that the governments are not really able to fulfill, so the private sector then steps in and supplies these services," he said.
For Mobius' views on geopolitical risks and the growing clout of tech companies, watch the video above. Follow Michelle Makori on Twitter: @MichelleMakori.