Infrastructure investment by Chinese tycoons is creating an ideal environment for businesses to flourish in a number of frontier markets, according to Franklin Templeton’s Carlos von Hardenberg.
The manager works as deputy to famed emerging market investor Mark Mobius on the group’s giant Templeton Frontier Markets fund, which buys shares in up-and-coming markets that are still considered to be too fledgling to qualify for emerging market status.
Mr von Hardenberg, who has been part of the team since he started as an intern aged 26, says Rwanda, Nigeria and Angola are among the economies that are benefiting from a wave of infrastructure investment.
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