Ukraine is a bargain
Thursday, January 7th, 2010Some would say that the vultures are circling over head, but whatever analogy is used, it does bespeak of opportunity. Ukraine has a lot of unrealized potential and investors like Mark Mobius who sniffs them out in emerging markets, understand this. The upcoming elections will be pivotal in determining investment inflows.
By Shiyin Chen and Caleb Goddard
Jan. 7 (Bloomberg) — Vietnam, Nigeria, Kazakhstan and Ukraine are among so-called frontier markets that look “particularly cheap,” according to Mark Mobius.
“We’re finding some very interesting opportunities in those markets,” Mobius, who oversees $34 billion of developing- nation assets at Templeton Asset Management Ltd., said in a Bloomberg Television interview in Singapore. Still, liquidity may be an issue for some of the markets, he also said.
Sri Lanka’s stocks, last year’s best performer in Asia, have “gone up a little bit too high and we would like to see a correction from where we are now,” Mobius said.
