Mark Mobius Steps Back at Templeton

Emerging markets investing guru Dr Mark Mobius is stepping back at Templeton funds, but there will be little impact on portfolios say Morningstar fund analysts

Germaine Share 22 March, 2017 | 2:17PM
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The Templeton Emerging Markets Group has announced that, beginning April 3, 2017, it will be initiating a series of portfolio manager appointments as part of the ongoing evolution of the Group. The appointments will happen in two rounds, the first effective April 2017, and the second effective May 31, 2017, subject to further regulatory approval.

As a result, Mark Mobius’ name will be removed from 12 Templeton Emerging Markets Group strategies.

Morningstar Analysts’ Take

The reality is that Mobius has not been involved in the day-to-day management of these strategies for quite some time. In most cases, the newly named portfolio managers have in fact been doing the heavy-lifting for their respective strategies for a long time. For example, Allan Lam, who will officially be named as the lead portfolio manager on Templeton Asian Growth, has been the final decision maker of the strategy since 1999.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Templeton Asian Growth A(Ydis)USD40.28 USD0.04Rating
Templeton Emerging Markets A(Ydis)USD49.13 USD-0.20Rating

About Author

Germaine Share  is a Senior Analyst for Morningstar

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