Mobius on the challenges for EMs as US rate rise looms

Global equity markets have continued to experience challenging conditions, especially in the third quarter of this year. A lot of this has to do with the uncertainty regarding interest rates and the US Federal Reserve deciding to maintain current rate levels, with concerns a significantly higher rate fixing would threaten global growth. Thus, the uncertainty about when rates will eventually be raised continues to weigh on market sentiment. However, low interest rates are not necessarily positive news to investors in emerging markets, as it means being left with this same uncertaint...