Templeton Emerging Markets investment trust manager Mobius steps down

Mark Mobius (pictured) will be replaced by Carlos Hardenberg as lead portfolio manager of the Templeton Emerging Markets investment trust (Temit) on 1 October.

Mobius, executive chairman of Templeton Emerging Markets Group, has been leading the trust since its launch in June 1989. He will remain a portfolio manager on the team, the trust explained in a statement.

Hardenberg will relocate to London. Having joined the firm in 2002, he is senior vice president and managing director of Templeton Emerging Markets group.

Hardenberg will be supported by Chetan Sehgal, director of the small cap strategy, who will remain a senior research analyst. Mobius will continue to lead the 52 person Templeton Emerging Markets group and will remain “fully engaged in the team’s research and investment activities.”

Peter Smith, chairman of Temit, said : “Under the Templeton Emerging Markets Group, Temit has grown to be the largest emerging market investment trust in the AIC Investment Trust – Global Emerging Markets sector, with assets under management of £1.9bn.

“We believe that the appointment of Carlos Hardenberg as lead portfolio manager, supported by Mark Mobius and Chetan Sehgal, will provide renewed focus for the next stage in the company’s development.”



Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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