Brazil is one of the few markets that are up and Asia is going sideways, says Mark Mobius of Mobius Capital Partners. The Chinese government is lowering interest rates to help bail out the real estate disaster, he explains. The other factor is the near lockdown in Hong Hong due to the pandemic, he adds. He warns about tech companies that had no earnings, that they will have trouble as interest rates go up. Equities will protect against inflation, but stresses looking for companies with no debt and high return, high earnings growth. Lastly, he says gold is a safety hedge.
03 Mar 2022