Mobius: 'record inflows' into GEMs in 2010

The emerging markets guru says the combination of low interest rates in developed markets and the search for higher returns have helped channel $73bn into emerging market portfolios in the first 10 months of 2010, on track to exceed 2009's total of $83bn. Mobius, executive chairman of the Templeton Emerging Markets Group, adds fund raising by companies in emerging markets through IPOs and secondary issues was at a historical high this year. "Emerging market companies raised $406bn in initial public offerings and secondary equity issues in the first 11 months of the year, significantly...