Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Fees cut on Mobius’s £2bn trust

Fees cut on Mobius’s £2bn trust

The £2 billion Templeton Emerging Markets investment trust has become the latest closed-ended fund to lower its fees.

From 1 July 2014, the trust’s management charge will drop from 1.2% to 1.1%.

‘We will continue to monitor any further developments in the market as regards both structure and quantum of charges, but believe that this lower level of management fee, together with the liquidity of the company’s shares and the relatively stable discount, maintains the overall attractiveness of Templeton Emerging Markets as an emerging markets investment,’ the trust’s board stated.

Managed by Mark Mobius (pictured), the trust has lost 7.7% on a net asset value basis over the past three years compared with the MSCI Emerging Markets index’s 2.9% decline through the same period.

On a five-year view, though, the trust is ahead of the index with a return of 56% versus its 50.6%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Commodity conundrum, beleaguered bonds and a US dilemma

Commodity conundrum, beleaguered bonds and a US dilemma

This week’s episode of Investment Pulse looks at the impact of falling commodity prices on banks, dangers of negative yield curves and whether US equities can continue to deliver.

Play Mirabaud's Pyshkin: The US will continue to grow dividends

Mirabaud's Pyshkin: The US will continue to grow dividends

The global equity income manager has invested half of his fund here.

Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Wealth Manager on Twitter