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Mobius likes Turkish, Russian, Polish stocks
By admin - Posted on July 14th, 2008
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Turkish, Russian and Polish stocks are the most attractive in emerging Europe, high-profile emerging markets fund manager Mark Mobius said on Friday. Templeton, which holds $400 million in Polish stocks, owns less than 5% of PKN as well as stakes in satellite navigation company Techmex and ING Bank Slaski, a unit of ING Group, he said. Mobius added Polish banks were unattractive at the moment because of their heavy mortgage lending and said Templeton Asset Management, an arm of Franklin Resources Inc, prefers their Thai and Brazilian peers. “Anything related to oil and commodities is of interest to us,” he added.
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