Mark Mobius, a legend among emerging-market investors, is "overweight compared with everyone else" in Pakistani stocks, according to an interview published in the "2010 investment guide" issue of Businessweek magazine.
The 73-year-old fund manager, who oversees $33 billion spread across 35 Franklin Templeton funds, has been scouting for investment opportunities in unlikely places, including Pakistan, for over 30 years.
Mobius explains that for "our (Franklin Templeton's) Asia growth funds, we have been buying Pakistan Telecom, MCB Bank, and Indus Motor, which is a Toyota (TM) assembler and distributor".
Haq's Musings: Emerging Markets Expert Investing in Pakistan
The 73-year-old fund manager, who oversees $33 billion spread across 35 Franklin Templeton funds, has been scouting for investment opportunities in unlikely places, including Pakistan, for over 30 years.
Mobius explains that for "our (Franklin Templeton's) Asia growth funds, we have been buying Pakistan Telecom, MCB Bank, and Indus Motor, which is a Toyota (TM) assembler and distributor".
Haq's Musings: Emerging Markets Expert Investing in Pakistan
