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Franklin Templeton to soft close Mobius’ frontier markets strategies

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Mark Mobius

Franklin Templeton plans to soft close a number of Mark Mobius’ frontier markets strategies after a “surge” of money headed into the products.

The asset management house will soft close the Luxembourg-domiciled Templeton Frontier Markets fund, which has grown to $1.98bn, on 28 June.

Mobius’ US-domiciled version of the fund and two Canadian mirrors will also soft close on the same day.

Franklin Templeton says: “While the Templeton Emerging Markets Group does not see any capacity issues within the frontier markets universe, the soft close is a way to best manage the flows coming into the dedicated frontier market portfolios.

“A soft close will limit new investment to existing shareholders only and will ensure a more controlled flow of new assets into the funds.”

The Sicav’s latest factsheet shows the fund returned 13.5 per cent since launch in October 2008, outperforming the 2.2 per cent fall seen in the MSCI Frontier Markets Index benchmark.

“Templeton remains optimistic on the long‐term growth trajectory of the frontier market asset class and will continue to invest opportunistically in frontier market stocks both for the dedicated frontier market strategies and within the broader emerging markets strategies,” the firm adds.

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Comments

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  1. Have a look at Templeton Emerging Markets Investment Trust. This has been recommended by countless sources but infact it has gone badly off the rails in the last year or more. I’d like to ask Mark Mobius why exactly? Is it worth sticking with it?

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