Templeton Emerging Markets manager Mark Mobius steps down

Morningstar Canada 21 March, 2017 | 5:00PM
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Mark Mobius, who has managed emerging-markets assets since joining the Templeton organization in 1987, is stepping down as a portfolio manager, effective April 3.

The oldest and largest affected fund for Canadian investors is the $312-million Templeton Emerging Markets, which Mobius has managed since its inception in September 1991. Taking over as lead manager of the fund, which has a 3-star Morningstar Rating, is Chetan Sehgal, CFA, director of global emerging markets and small-cap strategies for Templeton Emerging Markets Group (TEMG). Added as a portfolio manager is Carlos Hardenberg, director of frontier-markets strategy for TEMG. The manager changes also affect Templeton Emerging Markets Corporate Class.

Mobius will remain executive chairman for TEMG, contributing investment ideas and research for the group, Toronto-based Franklin Templeton Investments Corp. said in a release today.

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