Are there opportunities in emerging markets, metaverse or crypto right now? What legendary investor Mark Mobius thinks

Mark Mobius, emerging markets expert and founder of Mobius Capital Partners, isn't stung by the metaverse, but thinks the companies creating it could be an interesting opportunity. He also had a lot to say on other topics such as cryptocurrency and the recession.

What happened: Mobius, in an interview with omny.fm, said that the service offered by companies linked to the metaverse could be quite desirable.

Prominent companies related to this sector include Facebook parent company Meta Platforms Inc META, chipmaker NVIDIA Corp. NVDA, Unity Software U and Roblox Corp. RBLX.

The seasoned investor said he will keep an eye on Ukraine, what is happening in general U.S. markets and interest rates, and most importantly, growth prospects companies from emerging markets that have not been hit by the recession.

On crypto: Mobius said that cryptocurrencies are leading the market because there are millions of people who have invested in different types. "I always tell people that I don't like to talk about cryptocurrencies in public. It's a matter of faith."

The two largest cryptocurrencies by market capitalization are currently Bitcoin BTC/USD and Ethereum ETH/USD.

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On the recession: Dubbed "the Indiana Jones of emerging market investing," Mobius said consumer confidence isn't great, but spending on consumption are high in the United States.

"In this kind of environment, as soon as unemployment increases, which it hasn't yet, you will have a recession."

Emerging countries heavily dependent on exports will have problems, except for companies in the technology sector, he explained.

India Prospects: Mobius said the beauty of the Indian situation is that you have about a billion people and they have a domestic market which is very strong and getting stronger every day .

In India, Mobius studies software and certain types of hardware, while investing heavily in companies that support chip production. “We are looking at the area of ​​health testing. We are also considering a construction zone,” he said.

On Sri Lanka: Mobius said Sri Lanka will need more political reforms where reformist leaders will start changing the way business is done. "It would take time, but I think in a year or two, Sri Lanka will be back on its feet," he said.

Mobius tips for investing in emerging markets:

Buy stocks in emerging markets Buy companies that have no or very little debt. In this environment, debt is going to be a heavy burden Buy companies that have very good management

Photo courtesy: Mobius Capital Partners

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