Presidential election polls notwithstanding, President Trump’s multipronged America-first policies are viewed by government and corporate leaders around the world as a calling card of investment prowess and safety, according to money manager Mark Mobius.

“Overseas, people say ‘Trump is doing the right thing. We know where he’s coming from. You have a strong president. He’s fighting for America and that’s good for us too.’ If they believe that Trump is helping us get stronger, it gives investors around the world a sense of safety,” said Mobius, founding partner of Mobius Capital Partners, speaking to a crowd of broker-dealer executives at the annual meeting of the Securities Industry and Financial Markets Association (Sifma) in Washington, D.C., today.

Just yesterday, Mobius remarked, Trump met with Federal Reserve Chairman Jerome Powell at the White House to “protest” U.S. interest rates that he considers too high relative to other developed countries.

After the Powell meeting, Trump tweeted: “In fact, our rates should be lower than all others (we are the U.S.). Too strong a Dollar hurting manufacturers & growth!” The meeting also included Treasury Secretary Steve Mnuchin.

“I can see where Trump is coming from,” Mobius said. “Europe has negative rates, but even with those lower rates, the U.S. dollar is still king. They see us as a place of safety. That includes the Chinese leaders, who have homes here and send their children to school here.”

On the trade front, “Trump is moving toward unilateral agreements and away from multilateral trade agreements because it always ends up we pay. You’re going to see more and more of that. It is interesting to see other countries adopting that lead, like South Korea.

It’s not a breakdown, but it is definitely a marked change, he said.

“It comes back to rule of law—the chance to be treated fairly,” Mobius said. “The dollar probably won’t stay where it is, but it’s all relative.”

Lack of rule of law and risk management is what scares investors away, said Mobius, who answered a question from Financial Advisor about what the impeachment proceedings have taught him about investing in Ukraine and the country’s corruption.

“Ukraine has a real corruption problem,” he said. “We were going to invest in Ukraine, but we gave up because we figured we really couldn’t be safe.”

“The thing that surprises me about the whole Ukraine situation is that they’re not focusing on [former Vice President Joe] Biden. They’re focusing on Trump. It’s really quite surprising,” said Mobius.

The storied investor is referring to impeachment proceedings, now in their fourth day in the U.S. House of Representatives, which are investigating allegations that Trump threatened to withhold aid to Ukraine until it investigated allegations of corruption regarding his likely Democrat presidential challenger, Biden.

In contrast, Biden is on video bragging that he threatened to withhold a billion dollars in U.S. from the country if an anticorruption prosecutor there wasn’t fired. Ukraine obliged, firing the prosecutor who was investigating, among other matters, leading energy company Burisma Holdings, which had hired Biden’s son Hunter as a board member earning more than $800,000 at a time when Biden was supposed to be leading the Obama administration’s efforts to curb Ukrainian corruption.

“I think at the end of the day, from what I see … I don’t think anything is going to come of it. There is no legal reason for impeachment. [The] Senate won’t go for it. From what I see a lot of people are losing interest,” Mobius said.

The greatest foil to corruption, according to Mobius, is smartphones and their ability to provide instantaneous news—which amounts to a system of risk management over companies and even countries.

“Each year, about 1 billion smartphones are sold,” he said. “It enables millions of people to communicate with each other and organize. That’s what you’re seeing in Hong Kong, Iran and Chile. This is a global pattern because of the internet.

“People are getting more information about government and corruption everywhere and can create demonstrations at the drop of a hat. Even dictatorships that think they can control communication or the internet are being thwarted,” he said.

“I came from a world where you believe in the New York Times, the Economist, CNBC. Now you’re looking at your smartphone,” Mobius said.