Famed money manager MarkMobius likes Brazil, but says government interventions with major names like Petrobras (PBR) and Vale (VALE) are scaring investors away.
MarkMobius, an emerging-markets investor at Franklin Templeton, thinks that analysts are underestimating the potential for recovery and that many markets can surpass 2007 highs.
Last year, Franklin Templeton Investments emerging-markets guru MarkMobius started finding bargains in Middle East countries like Egypt and Dubai, but these scarcely figure in the typical emerging-markets fund.
Emerging-markets maestro MarkMobius of Franklin Templeton Investment Management certainly likes Japan -- the only stock market he and share bear Marc "Dr. Doom" Faber picked as a winner this year.