Mobius stepping down as chief of Templeton Emerging Trust

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#1
His last few years performance, is disappointing. Nevertheless, his view on EM worth the attention...Big Grin

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
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#2
Everyone needs to move on gracefully...

(14-07-2015, 04:25 PM)CityFarmer Wrote: His last few years performance, is disappointing. Nevertheless, his view on EM worth the attention...Big Grin

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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