View more on these topics

Mobius looks to raise £200m for emerging markets trust

Mobius Capital Partners is looking to raise £200m through the float of its new Mobius Investment Trust.

Mobius CP’s founding partners veteran emerging markets fund manager Mark Mobius, Carlos Hardenberg and Greg Konieczny will run the trust. They will participate in the IPO with some £5.7m, according to the company’s statement.

The portfolio will consist of 20 to 30 small and mid-cap companies across emerging and frontier markets.

It will focus on undervalued companies in emerging markets with potential for operational, financial and environmental, social and governance improvements.

Making a positive impact: ESG Profile and Impact Report 2018 – Climate Change

Mobius says: “We will look to work with these firms to improve corporate governance, set out a broader ESG pathway and act as a catalyst for wider operational and financial improvements.”

The trust annual management fee was set at 1 per cent, reducing to 0.85 per cent above £500m and 0.75 per cent above £1bn based on the NAV or market cap of the trust. There are no performance fees included.

MIT targets total return between 12 per cent and 15 per cent per annum over the long term and it is looking for dividends to be a meaningful component of returns, as the team expects that dividend yield of portfolio companies to increase as a direct result of corporate governance engagement.

Recommended

protect

Zurich rolls out new protection platform

Zurich has launched a new life protection platform giving clients more flexibility on policies and making it easier for the company to develop new products. The company said its old platform was actually six systems working together which was less efficient and made it more expensive to innovate. According to market management head Peter Hamilton […]

1

Auto-enrolment arrives but is it a done deal for small firms?

When business secretary Vince Cable told the Liberal Democrat party conference he had defeated the Tory “headbangers” who “find sacking people an aphrodisiac”, there was little doubt who he was thinking of – Adrian Beecroft. The Beecroft report, which was commissioned by the Government and published in October last year, contains a series of radical […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com