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Money Makers: The Stock Market Secrets of Britain's Top Professional Investment Managers by Jonathan Davis

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Appendix 7: Mark Mobius

One of the best features of Mark Mobius’s emerging markets funds are the clear and candid reports that he writes for his shareholders and investors. The extracts that follow are taken from the annual reports of Templeton Emerging Markets Investment Trust and give a flavour of some of his recent commentaries on specific countries and markets. They are included here together with a summary of the trust’s holdings at 30 April 1997.

Letter from South Africa

(16 December 1996)

We arrived in Johannesburg after a flight of less than an hour from Gabarone, Botswana’s capital city. Our principal purpose for visiting South Africa was to evaluate the prospects of adding new companies to our South African portfolio, but also ...

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