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Mobius: Greek banks look ‘particularly’ attractive

Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group.
David Rochkind | Bloomberg | Getty Images
Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group.

Veteran emerging markets investor, Mark Mobius has offered words of support to Greece's controversial plans to restructure its debt, adding that the long-term investment outlook for the country is good -- particularly in its banking sector.

The fund manager, widely known for his $3.3 billion emerging markets investment trust, said the current events have not resulted in any changes to his investment strategy.

Mobius, the executive chairman of Templeton Emerging Markets Group, backed the new Greek government's attempts to have its debt mountain written down by its European creditors, saying it was the "correct path", and predicted the impact on global markets as a result of discussions would be minimal.

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