Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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.

Related Fund Managers

Mark Mobius
Mark Mobius
104/107 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: -13.10%
Citywire TV
Play Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow: Why the equity income sector needs fixing

Hugh Yarrow's Evenlode Income fund was recently removed from the Investment Association's UK Equity Income sector.

Play GAM charity football tournament: the live draw

GAM charity football tournament: the live draw

Former Chelsea and England footballer Graeme Le Saux visits Citywire to make the draw for the tournament, where all proceeds going to Wheels for Wellbeing.

Play FIFA, Panama Papers…and what everyone’s getting wrong

FIFA, Panama Papers…and what everyone’s getting wrong

VIDEO: Investigative reporter Jeffrey Robinson reveals how major corruption scandals are being mishandled and what to expect next.

Your Business: Cover Star Club

Profile: JPM Wealth MD on breaking the glass ceiling

Profile: JPM Wealth MD on breaking the glass ceiling

During her tenure at JP Morgan, the private bank has changed the way it segments clients in a bid to improve focus

Wealth Manager on Twitter