"We are very interested in the Latin American consumer because in almost every measure they have incredible potential to grow," he said. "Latin American growth will be very good this year, with expansion between four and five percent."

Templeton Emerging Markets Group isn't adding to its Mexican holdings on prospects that South American countries will be less affected from Europe's debt crisis and a protracted U.S. economic recovery, he said.

Chinese demand for consumer goods and commodities will continue unabated "for some time," he said.

"People are always asking me if China is going to have a soft or a hard landing, and I'm telling them it's not going to land," Mobius said.

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