The IMF downgraded its 2014 global growth forecast to 3.3 percent earlier this month, 0.4 percent lower than its earlier forecast given in April and below the levels of global growth seen in 2010 and 2011, when the world's economies were still very much recovering from the global financial crisis.
But a growing U.S economy and substantial monetary easing in Europe and Japan will create opportunities, Mobius said.
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"It's important to remember that this is just one forecast, and it's also important to remember that not all emerging markets are the same. The IMF actually increased growth projections in some cases," he said, in his most recent investment update.
"People are concerned about the spread of the Ebola virus impacting growth in some affected African nations going forward, which is something we will be watching," the manager, who also manages an African equity fund, admitted.
In Europe, Poland and Hungary are two countries to watch, he said. Growth in emerging Asia and Sub-Saharan Africa also looked "robust".
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"We continue to identify individual emerging market companies that we believe trade at relatively attractive valuations. Those are the fundamental facts we search for, while understanding that fears will always play a role in the market," he added.
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