Emerging markets will start recovery in 2010, says Mobius

Accounting for around 80% of the world's population, emerging markets have recorded a combined annual growth rate of 5.8% over the past 20 years, more than double the 2.5% growth seen in established economies. According to the Economist Intelligence Unit, the GDP growth of emerging markets is expected to be 3% in 2010, compared to growth of -4% in developed regions. "This is why we invest in emerging markets," Mobius, the executive chairman of Templeton Asset Management, says. "Emerging markets should stay close to 0 this year and start their recovery in 2010." In 1988, the market cap...