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Mark Mobius Stepping Down as Chief of Templeton Emerging Trust

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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.




"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



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Last 5 years?  I think he's trailed it since inception (I think I looked it up a whole ago - anyone feel free to correct if mt memory is off). I looked up his mutual funds,  not any other vehicles.

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