Franklin Templeton launches EM local currency bond fund
Franklin Templeton Investments has launched a Templeton Emerging Markets (EM) Local Currency Bond fund.
Franklin Templeton Investments has launched a Templeton Emerging Markets (EM) Local Currency Bond fund.
The emerging markets optimist is reportedly starting his own fund management firm and has also joined the investment committee of Mumbai-based venture capital firm Equanimity Investments, according to local media reports in India.
Franklin Templeton appoints a lead manager for emerging markets team, Axa IM launches a business development department and the Financial Conduct Authority appoints an executive director of international to oversee Brexit developments.
Whenever a fund manager has a prolonged period of success in their area, certain terms get bandied about as to their status within that field. One favourite used by journalists is ‘guru’, indicating a manager has moved on from ordinary status, to the extraordinary.
Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January.
UBS is to replace its head of wealth planning, Succession names a new chief executive to replace its founder who died and Franklin Templeton appoints a head of distribution in the Nordics.
Globaleye Singapore has appointed a chief investment officer, while one of HSBC’s most senior investment bankers has resigned and Franklin Templeton has promoted a head of distribution for France and the Benelux region.
Franklin Templeton has announced it will be shutting three of its Oeic products, while hinting it has other investment offerings in the pipeline.
Franklin Templeton Investments has launched a smart beta emerging markets exchange traded fund, which aims to provide higher-risk adjusted returns and lower volatility than the MSCI Emerging Markets Index.
Most UK investors don’t think they know enough about the risks to invest in fast-growing developing countries, according to a study by the Templeton Emerging Market Investment Trust, which used to be run by Mark Mobius.
Stephanie Flanders is to leave JP Morgan Asset Management, while Prudential has named a financial planning and strategy director for its advisory firm. Mirae Asset Global Investments has a new head of Nordic sales.
Mark Mobius, AKA Mr Emerging Markets, announced earlier this year that he will be stepping back from the day-to-day management of several high-profile funds at Franklin Templeton Emerging Markets Group but says he plans to keep working to the end.