There’s historical shift towards India as China is moving towards a Maoist type of environment: Mark Mobius
“When there is a very bullish environment like now in India, valuations go up and the terrific bargains that you normally would want to fight for are not so plentiful. Whereas in countries which are sort of bombed out like in Turkey or South Africa, things are down a lot and there is pessimism. Brazil will be another example, So more opportunities and way more bargains.”