Mark Mobius says his funds hold 95% in cash on trade war risks

Veteran emerging-markets investor Mark Mobius is keeping the bulk of his funds’ holdings in cash as he waits out the trade-related uncertainty, which is likely to persist for up to six months.

“At this stage, cash is king. So 95% of my money in the funds are in cash,” Mobius said in an interview on Bloomberg Television on Wednesday. “Right now, we’ve got to keep the cash and be ready to move when the time is right.”