NEW YORK ( CNBC) -- The selloff in Treasuries will drive more money into equities, with a third of that likely to go into emerging market stocks, Mark Mobius, Executive Chairman of Templeton Emerging Market Group told CNBC on Tuesday. "People are now beginning to realize that they cannot be sitting on bonds that are paying one, two or even three percent, when inflation is running higher than that," Mobius said, adding that investors would look increasingly at equities as an alternative. "If you look at equities of course, the yields are much, much greater than the bonds."
By Lisa Oake, Anchor, CNBC Asia Pacific
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