End of the Crunch in Sight, Says Templeton's Mobius ; Credit Crunch

Summary


EMERGING markets investment specialist Mark Mobius says the credit market crisis is "near the end", and that he has been buying shares in Asian banks recently.

Mobius, the executive chairman of Templeton Asset Management, claimed that "most of the bad news is already in the market. Writedowns are coming in fast and furious".

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Extract


End of the Crunch in Sight, Says Templeton's Mobius ; Credit Crunch

The $376 million ([pounds]190.5 million) Templeton Emerging Market...

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