The recent optimism around North Korea is extending to one longtime emerging-markets bull.
Veteran EM investor Mark Mobius said early Monday that he “definitely” would invest in the isolated Asian nation if there were a way to do so.
His comments come after North Korea over the weekend said it will destroy its nuclear test site[1]. That dismantling is set to come three weeks before a historic June meeting between the country’s leader, Kim Jong Un, and U.S. President Donald Trump.
Don’t miss: President hails release of Americans held by North Korea[2]
And see: Trump says what matters is the peace, not the Nobel prize[3]
North and South Korea EWY, -2.11%[4] will unify “in our lifetime,” Mobius added, speaking in a CNBC interview[5].
He stressed that the two countries are a promising match with this comment:
Mobius also suggested investors ought to get in early.
“It’ll come at a cost, but it’ll be very, very beneficial from a longer point of view. So people who go in at the beginning in North Korea, given this combination of North and South, should do very well,” said the storied fund manager, who also recently said investors need to be prepared for a 40% global stock-market crash[6]....
References
- ^ destroy its nuclear test site (www.marketwatch.com)
- ^ President hails release of Americans held by North Korea (www.marketwatch.com)
- ^ Trump says what matters is the peace, not the Nobel prize (www.marketwatch.com)
- ^ EWY, -2.11% (www.marketwatch.com)
- ^ in a CNBC interview (www.cnbc.com)
- ^ a 40% global stock-market crash (www.marketwatch.com)