MUMBAI: India, the United States and parts of other emerging markets have seen fund inflows redirected from China as recent regulatory crackdowns in the world's second-biggest economy have spooked markets, according to veteran investor Mark Mobius.
"I would say half the money has just left ... But I think that is temporary, it will not last," Mobius, emerging markets fund manager and founder of Mobius Capital Partners, told the Reuters Global Markets Forum (GMF) on Tuesday.
Mobius said his firm was "heavily concentrated in India", with about a 20% allocation, adding that he was bullish on sectors ranging from medical testing to industrial equipment.
"It's a pretty wide scope that we have in India. Lots of opportunities."
Read More at https://timesofindia.indiatimes.com/business/india-business/india-us-seeing-fund-inflows-after-china-crackdown-mark-mobius/articleshow/85230961.cms
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