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"I would say half the money has just left . But I think that is temporary, it will not last," Mobius, emerging markets fund manager and founder of Mobius Capital Partners, told the Reuters Global Markets Forum (GMF) on Tuesday.
Emerging market stocks fell on Wednesday while currencies eased for a fourth straight session, as rising cases of the COVID-19 Delta variant and a firmer dollar ahead of U.S. inflation data dented investor sentiment.
India, the United States and parts of other emerging markets have seen fund inflows redirected from China as recent regulatory crackdowns in the world's second-biggest economy have spooked markets, according to veteran investor Mark Mobius.