Templeton's Mark Mobius is looking at ways to invest in Romania -- which will join the European Union in 2007 -- through Austrian companies. This Reuters report says:
"What we're doing now is going through two companies in Austria that have invested in Romania, particularly for the small cap fund," he said, referring to the new Templeton Emerging Markets Small Cap Fund that was launched on Monday.
One of the Austrian companies in his portfolios is OMV AG, which controls Romanian oil group Petrom. Another company Mobius is looking at is Austrian bank holding company Raiffeisen International, which has been making forays into eastern Europe.
I find it interesting that at age 70, Mobius still travels 200 days out of the year:
Mobius said he has no plans to step down, as he enjoys what he's doing, and that there is no agreement with Templeton to retire at a certain age. Asked if he was slowing down, Mobius said: "I wish I was, it's not working out that way. It looks like there are more plane rides," he said.
"Last week I was in London, next week I'll be in Hong Kong, the week after maybe in Eastern Europe some place," said Mobius, who calls Singapore home.
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