Mark Mobius thinks the bull market in the United States will continue, as will the bull market in emerging markets, which he feels will eventually surpass the rally here at home.
He began with South Africa, a country that despite its trouble with mining strikes has a robust consumer sector.
“Many South African companies moved up north into sub-Saharan parts of the continent and are selling to the rest of Africa,” Mobius said. “So I think that’s a place you want to be.”
He noted South Africa has the 18th largest stock market in the world, a fact that is often overlooked, which means it’s a very liquid market.