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Mark Mobius: Stocks will flourish as central banks ‘race to the bottom’

Veteran investment manager says policy makers' attempts to avert a global recession mean equities can prosper

Global central bankers are in interest-rate-cutting mode of late, as policy makers attempt to avert or at least mitigate a global recession.

However, that dynamic promises to be one in which the stock market can prosper, with investments that offer dividends attracting investors, said Mark Mobius, the octogenarian investment manager who co-founded Mobius Capital Partners last year after a three-decade run at Franklin Templeton Investments.

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