HONG KONG (Reuters) Brazil, China, Turkey and South Africa are the top picks of high-profile emerging markets fund manager Mark Mobius, who also sees value in developed market firms with heavy emerging market exposure.
China and Turkey in particular have seen sharp declines in their share markets, with the Shanghai Composite Index .SSEC down 37 percent and the Istanbul benchmark off 25 percent since the start of the year.
"There are many more bargains in those countries than in other countries," Mobius, who oversees more than $40 billion in emerging markets assets at the Templeton Asset Management arm of Franklin Resources Inc, told Reuters on the sidelines of the FundForum Asia conference on Wednesday.
