Mobius to stand down as PM on 12 funds
Mark Mobius is to stand down from fund management duties on a range of 12 Luxembourg Sicavs but will remain as executive chairman of Templeton Emerging Markets Group.
ANNOUNCEMENT: Expert Investor is now PA Europe. Read more.
Mark Mobius is to stand down from fund management duties on a range of 12 Luxembourg Sicavs but will remain as executive chairman of Templeton Emerging Markets Group.
Three Franklin Templeton bond funds suffered more than €800m of outflows in January, according to Morningstar data.
Eurozone inflation will hit 2% by next year, half of fund buyers attending the Expert Investor forum in Barcelona believe.
Many European investors have been reducing the duration of their bond portfolios following the spike in bond yields at the end of 2016. But they have been calling the end of the 30-year bond bull market too quickly, believes David Zahn, head of European fixed income at Franklin Templeton Investments.
Whereas equity markets have quickly shrugged off the result of the US presidential elections, peripheral bond spreads have widened since. Trump’s election seems to have reminded markets of the possible consequences of an Italian no-vote in next week’s referendum.
Thai equities have mostly recovered after plunging in the wake of the death of the King. But some sectors remain vulnerable to further downside as uncertainty remains.
Carlos Hardenberg has been making radical changes to the portfolio of the £1.56bn (€2.04bn) Templeton Emerging Markets Investment Trust (TEMIT) since taking over its management from Mark Mobius in October last year, in an effort to end a string of severe underperformance.
In this video interview, Franklin Templeton’s head of European fixed income David Zahn explains how he sees great opportunities to make money from the Brexit referendum and the ensuing volatility. He also outlines why he thinks the dollar will resume its upward path.
Franklin Templeton Solutions vice-president Matthias Hoppe drills down on the risks and rewards of asset classes and the importance of diversification.
In this video interview, Franklin Templeton’s head of European fixed income David Zahn explains why he is redeploying his assets from government bonds to corporate bonds. He also challenges the notion that rising Fed rates mean the dollar will strengthen in the medium term.
In this video interview, the lead manager of the Franklin K2 Alternative Strategies fund Brooks Ritchey talks about his favourite metric to measure fund managers by, which is Value at Risk (VaR), or rather: expected performance to VaR in a stress test scenario.
With Mark Mobius stepping back from the helm of Templeton Emerging Markets after 26 years, you can’t help but feel that his conviction in the ‘Big Cs’ – commodities and consumers – has of late dented his standing.