We talk exclusively to the investment guru about the outlook for the emerging markets, the credit crunch and why on earth nobody spotted the crisis looming. Listen to the interview here.

Dr Mark Mobius, executive chairman of Templeton Asset Management and manager of the Templeton Emerging Markets Investment Trust, is arguably one of the most respected emerging markets investors of all time. His £2,096m trust was also recently crowned the best trust in the global growth sector in the 2008 Moneywise Investment Trust Awards.

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• credit crunch