Mark Mobius says Brexit could be 'terrific' for emerging markets

The prospect of Britain leaving the EU without a deal could be 'terrific' for emerging markets, according to fund manager Mark Mobius.

The prospect of Britain leaving the European Union without a Withdrawal Agreement over the coming days could be"terrific" for emerging markets, according to veteran fund manager Mark Mobius.

"If the U.K. says: 'Look, we are free trade. Everybody can come into our country, everybody can trade free of problems,' then is going to be terrific," Mark Mobius, founding partner at Mobius Capital Partners, told CNBC's"Squawk Box Europe" on Monday. When asked whether he had concerns about Britain being unable to strike trade deals and vary tariffs post-Brexit, Mobius replied:"Exactly."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Mobius says Theresa May 'has got to go'Veteran investor Mark Mobius had unforgiving words for the U.K.'s leadership ahead of crucial Brexit votes this week.
Read more »

Flour fight | Pictures | ReutersRevellers celebrate Ash Monday by participating in a 'flour war,' a traditional festivity marking the end of the carnival season and the start of the 40-day Lent period until the Orthodox Easter, in t
Read more »

Newt Gingrich: C-SPAN’s 40-year mark on our Republic | OpinionWe all owe C-SPAN a big vote of gratitude for empowering citizenship in the television age.
Read more »

Horse racing: Women jockeys make their mark at CheltenhamWomen jockeys impressed at this week's Cheltenham Festival, claiming four w...
Read more »

Mark Zuckerberg's Security Costs Have Surged, Unlike Bezos, Ellison And OthersForbes looked at the five richest founders of public companies in the U.S. and found no correlation between growth in wealth and and increased personal security spending by the firms they founded.
Read more »

Mark Hamill Tries Knighthood Without the LightsaberFamous for playing Luke Skywalker in “Star Wars,” Mark Hamill talks about his unexpected career path and the dark side of being a Jedi knight
Read more »

At Ethiopia flight memorial, white roses mark passing of livesAn aircraft hangar in the Ethiopian capital was filled with the white roses as a...
Read more »