Mobius trust raises £100m, half of target
Firm says it saw a positive response from retail and institutional investors
Firm says it saw a positive response from retail and institutional investors
Founding trio commit £5.7m each to closed-ended vehicle
Mark Mobius has already poached ex-colleagues from Franklin Templeton Investors, now a closed-ended launch could swipe flows from his former employer
The JP Morgan Emerging Markets Investment Trust has been touted as a stable alternative to the Templeton Emerging Markets Investment Trust, where careful succession planning following Mark Mobius’s retirement was thrown into disarray with the sudden departure of his replacement Carlos Hardenberg earlier this year.
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.
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.
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.
Mark Mobius is to stand down from fund management duties on a range of 12 Luxembourg Sicavs but will remain as executive chairman of Templeton Emerging Markets Group.
November’s surprise ban of large currency bills in India is one of the greatest single-country risks in emerging markets, Mark Mobius, executive chairman of the Templeton emerging markets group, told our sister publication Fund Selector Asia.
Mark Mobius is stepping away from the helm of the Templeton Emerging Markets Investment Trust after more than 26 years.
Emerging market specialist Franklin Templeton has been given the green light to launch a new Africa strategy for its high profile fund manager and chief executive Mark Mobius.
Franklin Templeton Investments has launched an emerging markets balanced fund.