Why Mark Mobius Recommends China, India; Shuns Gold

Watch on YouTube ↗ | January 17, 2026 at 02:01 | 18:02 | Bloomberg Markets

Speakers

Mark Mobius — Founder, Mobius Capital Partners

Summary

Mark Mobius tells Bloomberg's Insight with Haslinda Amin that he remains positive on Asian equities, especially China's technology sector, India, Korea, Taiwan and Vietnam, while avoiding China's property and consumer sectors. He is cautious on gold and silver after their sharp run, sees a possible stronger U.S. dollar, and holds about 20% cash. He also discusses India's 20% portfolio weight, possible increase to 30%, and Adani as a global infrastructure exposure within a diversified India allocation.

Mark Mobius says China's stock market is sustainable because technology, chips and AI are the policy priority, even as property and consumption lag.
He stays bullish on India long term and cites software, electronics manufacturing and consumer/retail as implementation areas.
He lists Korea, Taiwan and Vietnam as attractive Asian markets amid diversification away from the U.S., while Thailand and Indonesia look less exciting.
He says gold and silver have gotten too hot and he would not buy gold at current levels.
He thinks the U.S. dollar could strengthen if U.S. GDP growth improves.
He holds about 20% cash and has 20% of his portfolio in India, potentially rising to 30%.
He views Adani as global infrastructure exposure but advises not overconcentrating in it.

Ideas

Mark Mobius Founder, Mobius Capital Partners 0:19

China tech leads despite weak macro.

He says China's stock market is sustainable because it looks forward and Beijing is channeling money into technology, high-end chips and AI to overtake the U.S.; Chinese tech companies can be exciting even though the consumer and property sectors are weak.

Mark Mobius Founder, Mobius Capital Partners 3:02

Avoid China property and consumer sectors.

There is risk in China's property sector and consumer sector; the government prioritizes industry and technology over consumer support, so he would stay away from property and consumer for now.

Mark Mobius Founder, Mobius Capital Partners 3:40

Diversify from US into international equities.

Mark Mobius agrees investors are diversifying away from the U.S. because U.S. portfolios have grown much faster and become overweight; money is shifting into international markets, and he says any good portfolio wants diversification, with China first and then India, Korea and Taiwan.

Mark Mobius Founder, Mobius Capital Partners 4:15

India is top long-term market.

He remains a long-term India bull: despite bureaucracy, growth has been 6-7%, Modi is curbing bureaucracy and opening the economy, and demographics, urbanization, consumer spending and electronics manufacturing can support 12-15% returns; he has 20% in India and may raise it to 30%.

Mark Mobius Founder, Mobius Capital Partners 4:21

Korea and Taiwan markets attractive.

Korea and Taiwan are among the most attractive Asian stock markets as investors diversify from the U.S.; they are doing well, and he specifically says Taiwan is looking very good.

Mark Mobius Founder, Mobius Capital Partners 5:33

Vietnam gains from China manufacturing shift.

Vietnam comes to mind immediately as an attractive emerging market because its government is amenable to technology and export growth and can take over manufacturing that was done in China.

Mark Mobius Founder, Mobius Capital Partners 6:19

Southeast Asia not exciting going forward.

Southeast Asian economies such as Thailand and Indonesia are doing fine but are not very exciting going forward because their export push has been weak and government structures have not focused on industries, unlike Vietnam.

Mark Mobius Founder, Mobius Capital Partners 7:20

Gold and silver too hot.

Precious metals have gotten too hot and volatile; although weaker-dollar arguments could push them higher, he thinks the dollar could strengthen as U.S. growth improves, making metals less attractive, and he would not buy gold at current levels, sees it maybe 20% lower, and would take profits.

Mark Mobius Founder, Mobius Capital Partners 8:02

Dollar may strengthen on US growth.

Contrary to the weaker-dollar consensus, he thinks the dollar could turn around and strengthen because predictions for the U.S. economy suggest GDP growth will be much better this year.

Mark Mobius Founder, Mobius Capital Partners 9:21

Hold 20% cash as markets wild.

Markets are pretty wild and high, so he is holding about 20% cash to reserve buying power.

Mark Mobius Founder, Mobius Capital Partners 12:04

India software offers semiconductor exposure.

Many Indian semiconductor startups are unlisted, so the practical way to get exposure to India's chip and tech ecosystem is through software companies, since much chip software is already produced in India.

Mark Mobius Founder, Mobius Capital Partners 12:19

India electronics manufacturing moves upscale.

Indian companies assembling and manufacturing consumer electronics are moving upstream into more sophisticated components, helped by manufacturing shifting from China to India and growing exports to the U.S.

Mark Mobius Founder, Mobius Capital Partners 16:44

Adani offers global infrastructure exposure.

Investing in Adani gives exposure not just to India but to global infrastructure because it is a global firm operating worldwide, though he cautions against overconcentrating in Adani and says other Indian companies, especially in software, may do as well or better.

Mark Mobius Founder, Mobius Capital Partners 17:30

India consumer is most exciting now.

For the best Indian returns in 2026, he would look first at the consumer sector, including retailing and consumer goods, and longer term at consumer technology.

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This Bloomberg Markets video, published January 17, 2026, features Mark Mobius discussing FXI, CQQQ, China property sector, CHIQ, ACWX, India Equities, EWY, EWT, VNM, Thailand equities, Indonesia equities, GLD, SILVER, USD, CASH, India software sector, India electronics manufacturing, Adani Group, INCO, India consumer technology sector. 14 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mark Mobius · Tickers: FXI, CQQQ, China property sector, CHIQ, ACWX, India Equities, EWY, EWT, VNM, Thailand equities, Indonesia equities, GLD, SILVER, USD, CASH, India software sector, India electronics manufacturing, Adani Group, INCO, India consumer technology sector