Protests in Egypt have failed to deter veteran emerging market investor Mark Mobius, who said he is holding onto his Egyptian stock position and is looking to add more even as the latest crisis unfolds.
Mobius, executive chairman of Franklin Templeton's emerging markets group, told Reuters in a telephone interview that while there was an international focus on the protests over Egyptian President Mohamed Mursi's plans to vote on a new constitution, business continued as usual in many parts of the country.
"Tahrir Square is not Egypt. Life goes on outside Cairo,"
Mobius said, following a recent visit to Cairo which included going to the square during protests there. Mobius said that the latest wave of protests was "relatively peaceful".