Mobius sees India gaining at the expense of China

VETERAN EMERGING-MARKETS INVESTOR Mark Mobius is keeping the bulk of his funds' holdings in cash as he waits out the trade-related uncertainty, which is likely to persist for up to six months.

- ABHISHEK VISHNOI & HASLINDA AMIN

VETERAN EMERGING-MARKETS INVESTOR Mark Mobius is keeping the bulk of his funds' holdings in cash as he waits out the trade-related uncertainty, which is likely to persist for up to six months. "At this stage, cash is king. So, 95% of my money in the funds is in cash," Mobius said in an interview on Bloomberg Television on Wednesday. "Right now, we've got to keep the cash and be ready to move when the time is right."

Mobius, who has been investing in developing markets for about three decades, said some emerging market countries such as India will do quite well in the current environment, "but we have to wait until all of this evens out and we see a settling down of this uncertainty."