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Mark Mobius Stepping Down as Chief of Templeton Emerging Trust


VersaillesinNY
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Wow, this guy is a legend and he is pushed to the exit for lagging the benchmark during the last 5 years.

 

http://www.bloomberg.com/news/articles/2015-07-13/mobius-to-step-down-as-lead-manager-of-templeton-emerging-trust

 

"The fund has declined 0.3 percent annually over the past five years, compared with a gain of 1.9 percent in its benchmark"

 

Mark Mobius, star developing markets manager, stumbles

 

http://www.investmentnews.com/article/20150506/FREE/150509946/mark-mobius-star-developing-markets-manager-stumbles 

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