Mark Mobius is Mighty Bullish on Semiconductors

Meet Mark Mobius — a hedge fund OG and the founder of Mobius Capital Partners.

He’s also known as “The Indiana Jones of Emerging Market Investing” — and for his bullish views on China.

In a Bloomberg interview yesterday, Mobius said:

• Semiconductors are “the number one category we have in our portfolio.”
• “Both the US and China are putting enormous amounts of money in semiconductor research and production.”

The iShares Semiconductor ETF (NASDAQ:SOXX) has risen 19% this year — on course for its best quarterly outperformance relative to the S&P 500 since 2016.

Where else was Mobius in the news? This week, he warned investors to be “very, very careful” with investing in China — saying he can’t take money out of his Shanghai HSBC account.

Chinese officials responded by saying, “there is no change in the country’s policy,” and Mobius said the issues have been “resolved.”