Mobius fund set to move into newly-created China sector

Franklin Templeton plans to move Mark Mobius' £847m China fund into the newly-created IMA China/Greater China sector next year.

The new sector will be accommodate funds investing at least 80% of their assets in equities of the People’s Republic of China, Hong Kong or Taiwan. Templeton China is top quartile in the IMA Asia Pacific ex Japan sector over the three years to 15 November, up 39.1% against the 22.6% peer group average, according to Morningstar. “Although no final decisions have been made yet, we would look at having the China fund move to the new sector as this seems like the most appropriate home for this fund,” Franklin Templeton said. Franklin Templeton is still looking at whether to switch the ...