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Hargreaves removes Templeton global emerging markets from Wealth 150

Hargreaves Lansdown has removed the Templeton global emerging markets fund from its Wealth 150 list and advised investors to switch to Aberdeen’s emerging markets fund.

Hargreaves says it is disappointed by the overall fund performance which has struggled to deliver consistent results and attributes this to poor stock selection.

It says the fund, which is managed by Dr. Mark Mobius has a bias to the energy sector, in particular oil and gas and says this has been its downfall as these companies have suffered with softened commodity prices.

The firm says its significant exposure to financials has also proven to be a poor decision with the sector likely to suffer further globally.

HL says Aberdeen’s emerging markets fund, run by Devan Kaloo in London is a superior alternative. Head of research Mark Dampier says: “Although this is still an emerging markets fund and so relatively risky, this is not a racy approach which is precisely why the fund has been so successful, boasting a superb long term track record.

“The fund has been resilient in challenging economic conditions, which is testament to the skills of Aberdeen’s emerging markets team. Longer term, we believe this fund has the potential to deliver superior returns.”


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The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.


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