US market is not overvalued, Mark Mobius says
- Date: 21-Apr-2021
- Source: The National
- Sector:Oil & Gas
- Country:Middle East
US market is not overvalued, Mark Mobius says
The US equity market is not overpriced, despite the stellar run-up in valuations that has taken place over the past 12 months, emerging markets specialist Mark Mobius said.
The S&P500 index has gained 53.6 per cent over a 12-month period after bouncing back from a slump in March last year as governments and central banks injected trillions of dollars into the global economy to mitigate risks from the disruption caused by the Covid-19 pandemic.
"I would would not say it's overvalued. I know a lot of people look at price-earnings ratios and
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