India remains one of the two largest markets in Mark Mobius’ investment portfolio. In an interview, the founder of Mobius Capital Partners and a seasoned emerging markets investor expressed strong optimism on India’s potential, and said that he plans to ramp up his exposure to the country. However, he has steered clear of investing in shares of Adani Group companies due to their elevated debt levels. Edited excerpts:
Do you think we are at the end of the global interest rate tightening cycle?
Inflation is beginning to level out in the US and the main reason for it is that the US Federal Reserve has not only raised interest rates but has restricted the supply of money. Inflation since June last year is on a downward trend, from about 9% to about 4% now.
Money supply in the US since 2020 had risen by about 40% and peaked in March 2022. You may see the Fed doing a little bit more, but their job is probably done. The Fed’s target rate has gone up to 5% and is probably peaking now.
Is the world headed into a recession?
この記事は Mint Mumbai の May 15, 2023 版に掲載されています。
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