Posted inEmerging MarketsEquities

Mobius to stand down as PM on 12 funds

The move follows Mobius’ decision in the summer of 2015 to hand over lead management of the Templeton Emerging Markets Investment Trust to Carlos Hardenberg.

Following the appointment of Stephen Dover as chief investment officer last April, several changes will take place to evolve the fund range while recognising “the next generation of leaders”.

Franklin Templeton said the “time-tested” philosophy and disciplined approach of the team would remain intact.

Mobius will continue as lead manager on Templeton Asean fund as well as other mandates across the regions.

In a statement, the  group said: “[Mobius will] continue to be involved in our investment process, participating in our research efforts and company visits, sharing investment ideas and advising the team on our investment process, and engaging with clients/media to share his insights.”  

The group added that succession planning was “inherent” to how its investment teams were managed.

The changes to portfolio management will take place in two stages, effective from 3 April and 31 May respectively.

Fund name

Current PM team

New PM team Effective 3 April

Templeton Africa Fund

Mark Mobius

Carlos Hardenberg

Templeton ASEAN Fund

Mark Mobius (Co-Lead)

Dennis Lim (Co-Lead)

Mark Mobius

Templeton Asian Growth Fund

Allan Lam (Co-Lead)

Mark Mobius (Co-Lead)

Allan Lam (Lead)

Eric Mok

Templeton Asian Smaller Companies Fund

Mark Mobius

Chetan Sehgal

Templeton China Fund

Eddie Chow (Co-Lead)

Mark Mobius (Co-Lead)

Eddie Chow

Templeton Emerging Markets Smaller Companies Fund

Mark Mobius (Lead)

Dennis Lim

Tom Wu

Chetan Sehgal

Templeton Shariah Asian Growth Fund

Allan Lam (Co-Lead)

Mark Mobius (Co-Lead)

Allan Lam (Lead)

Erik Mok

Fund name

Current PM team

New PM team Effective 31 May 

Templeton BRIC Fund

Dennis Lim (Co-Lead)

Mark Mobius (Co-Lead)

Chetan Sehgal (Co-Lead)

Carlos Hardenberg (Co-Lead)

Templeton Eastern Europe Fund

Grzegorz Konieczny (Co-Lead)

Mark Mobius (Co-Lead)

Grzegorz Konieczny

Templeton Emerging Markets Balanced Fund

Mark Mobius (Co-Lead)

Michael Hasenstab (Co-Lead)

Laura Burakreis

Chetan Sehgal (Co-Lead)

Michael Hasenstab (Co-Lead)

Laura Burakreis

Carlos Hardenberg

Templeton Emerging Markets Fund

Mark Mobius (Lead)

Dennis Lim

Tom Wu

Carlos Hardenberg (Co-Lead)

Chetan Sehgal (Co-Lead)

Templeton Frontier Markets Fund

Carlos Hardenberg (Co-Lead)

Mark Mobius (Co-Lead)

Carlos Hardenberg (Lead)

Ahmed Awny

David Haglund

Templeton Latin America Fund

Gustavo Stenzel (Co-Lead)

Mark Mobius (Co-Lead)

Gustavo Stenzel

Part of the Bonhill Group.