Emerging markets a good long-term play, says Mobius

As a result of the events in 2001, there could be increased near-term volatility in global financial markets. There is also an increased risk of a global recession in the face of questionable US growth and a deteriorating situation in Japan. However, growth rates in emerging markets remain generally twice that of developed countries or are decelerating at slower rates than developed countries. Many financial markets in emerging markets have also fallen, or are close to historically low levels, resulting in attractive entry points for well managed businesses. In addition, we see that ...