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PR Newswire
14-07-2015, 04:25 PM
His last few years performance, is disappointing. Nevertheless, his view on EM worth the attention...
Mobius stepping down as chief of Templeton Emerging Trust
[NEW YORK] Mark Mobius, who is credited as a pioneer in emerging-market investing, will step down as the lead manager of one of the oldest developing-nation stock funds after trailing his benchmarks in recent years.
The Templeton Emerging Markets Investment Trust, a 1.9 billion pound (S$4 billion) fund traded in London and New Zealand, has selected Carlos Hardenberg to take over from Oct 1, it said in a filing. Mr Mobius, 78, will support Hardenberg as a portfolio manager and remain chairman of the Templeton Emerging Markets Group, which oversees US$39 billion in assets, it said.
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Source: Business Times Breaking News
Mobius stepping down as chief of Templeton Emerging Trust
[NEW YORK] Mark Mobius, who is credited as a pioneer in emerging-market investing, will step down as the lead manager of one of the oldest developing-nation stock funds after trailing his benchmarks in recent years.
The Templeton Emerging Markets Investment Trust, a 1.9 billion pound (S$4 billion) fund traded in London and New Zealand, has selected Carlos Hardenberg to take over from Oct 1, it said in a filing. Mr Mobius, 78, will support Hardenberg as a portfolio manager and remain chairman of the Templeton Emerging Markets Group, which oversees US$39 billion in assets, it said.
...
Source: Business Times Breaking News
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