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Mark Mobius Stepping Down as Chief of Templeton Emerging Trust.
Peter Smith, chairman of the Templeton trust, acknowledged that the fund’s performance was “very disappointing,”
Möbius has been lagging the emerging market index for some time while the fund carries high expense ratio (A shares has a 5.75% load with ER at 1.8% for example) relative to its peers. So this no surprise the transition takes place.
@Sven. Correct. Mobius has his following from many years ago but investors today can use other cheaper funds and ETFs to accomplish the same thing. He became too expensive for the product he produced.
I did like his commercials but never invested in his funds for the same reasons you mentioned.
@MFO Members: Its the same old story ,what have you done for me lately. In my opinion, Dr. Mark has been over rated for years besides being a pompus ass in his white suit, living the good life as the world's self-proclaimed authority on emerging markets investing.
Comments
I did like his commercials but never invested in his funds for the same reasons you mentioned.
In recent years, he has little to do with the day to day of the funds that bear his name, and has functioned mainley as a good will ambassador for Franklin Templeton.
Regards,
Ted
Mark Mobius Track Record:
http://www.trustnet.com/Managers/ManagerFactsheet.aspx?personCode=00000018SR&univ=U&print=true