Emerging markets investment pioneer and former executive chairman of Templeton Emerging Markets Group (TEMG) Mark Mobius is reportedly set to launch an emerging and frontier markets fund with an environmental, social and governance (ESG) tilt.
At a conference in Mumbai, the EM veteran said he was applying for fund management licenses in London and Luxembourg just one month after retiring from Franklin Templeton investments, according to Indian news source livemint. He added the fund will be open-ended and long-only. Mobius said at a talk in Mumbai: "There is no plan to retire. I am starting a fund management company, and we are now applying for licences in London and Luxembourg. So, that is coming down the road. "The fund [will invest in] not only companies that are great in ESG, but also those that have the potential to...
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