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Templeton's Mobius sees bargains in turmoil

Submitted by admin on Thu, 09/18/2008 - 10:08

The financial storm of the last week has smacked valuations down to attractive levels, particularly in Brazil, Thailand and Turkey, said Mark Mobius, executive chairman of Templeton Asset Management. In response to email questions on Wednesday, Mobius said markets are closer to the end of the financial crisis after a bankruptcy filing by Lehman Brothers massive industry consolidation and the bail-out of American International Group.

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