View more on these topics

Franklin Templeton to soft close Mobius’ frontier markets strategies

Mark-Mobius-2009-700x450.jpg
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.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  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?

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