Franklin Templeton's Mark Mobius is bullish on Latin American countries, claiming the region offers growth opportunities, particularly in the commodities and banking sectors.
The emerging markets guru says while commodity stocks have been hit by a fall in prices, many companies are still profitable at current price levels. Mobius says: "We do not foresee prices returning to extremely low levels in the near future. We believe commodity companies should remain profitable and constitute attractive investment opportunities." He points out Latin America is the world's largest and lowest cost producer of many commodities: Chile and Peru are among the world's leading copper producers; Mexico is a net exporter of oil; Brazil is a major exporter of iron ore and soft ...
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