Post by mangomoney on Mar 31, 2016 13:09:56 GMT 7
Templeton's Mobius to Pass on Responsibilities in End of Era
Stephen Dover will become CIO of the emerging markets group
Mobius will stay on as chairman as part of succession plan
Mark Mobius, a money-management icon who popularized emerging-markets investing, will pass on his responsibilities of overseeing the Templeton Emerging Markets Group to Stephen Dover as he steps down from day-to-day management.
The 79-year-old investor, known for a research-intensive style that has him crisscrossing continents more than 250 days a year, remains chairman of the group. Mobius will focus on publicizing the prospects for emerging markets and attracting investors back to the asset class, where opportunities are arising again after years of declines, he said on Thursday.
"I feel it’s going to be a great opportunity," he said in an interview with Bloomberg Television’s Yvonne Man and Rishaad Salamat. "My priority is to push emerging markets forcefully to make sure that people will get back in because they are out and underweight in emerging markets."
more...
www.bloomberg.com/news/articles/2016-03-31/templeton-names-dover-to-replace-mobius-as-emerging-markets-head
Stephen Dover will become CIO of the emerging markets group
Mobius will stay on as chairman as part of succession plan
Mark Mobius, a money-management icon who popularized emerging-markets investing, will pass on his responsibilities of overseeing the Templeton Emerging Markets Group to Stephen Dover as he steps down from day-to-day management.
The 79-year-old investor, known for a research-intensive style that has him crisscrossing continents more than 250 days a year, remains chairman of the group. Mobius will focus on publicizing the prospects for emerging markets and attracting investors back to the asset class, where opportunities are arising again after years of declines, he said on Thursday.
"I feel it’s going to be a great opportunity," he said in an interview with Bloomberg Television’s Yvonne Man and Rishaad Salamat. "My priority is to push emerging markets forcefully to make sure that people will get back in because they are out and underweight in emerging markets."
more...
www.bloomberg.com/news/articles/2016-03-31/templeton-names-dover-to-replace-mobius-as-emerging-markets-head
