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Stock impact report

Emerging markets maven Mark Mobius to launch a new firm at age 81 [CNBC]

Templeton Emerging Markets Fund (EMF) 
US:NYSE Investor Relations: temit.co.uk
Company Research Source: CNBC
David Rochkind | Bloomberg | Getty Images Mark Mobius' new firm, Mobius Capital Partners, initially will manage institutional monies and a cross-border, Luxembourg-domiciled mutual fund. Legendary emerging markets maven Mark Mobius may have retired from Franklin Templeton as executive chairman in January, but the 81-year-old still plans to remain active in the industry. The investment expert's next act: a new firm to set its sights on investment in China and other emerging and frontier markets. According to Mobius, China's annual legislative sessions are under way, and there are great investment opportunities in the world's second-largest economy . On Sunday presidential term limits were abolished , allowing President Xi Jinping to remain in office indefinitely. Mobius said this policy change could have a positive or negative investment impact, depending on how peoples' lives are influenced and how the economy develops. But a strong, stable Show less Read more
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