Franklin Templeton pulls plug on Korea fund

‘No longer in the interests of shareholders to keep it open’

Mike Sheen
clock • 1 min read

Franklin Templeton Investments will close its Korean equity fund, which was previously managed by Mark Mobius before his departure, due to the fund's "relatively small size".

The Templeton Korea fund, which will officially close from 25 May, was launched in 1995 and managed assets of $32m as of 28 February, according to FE. Mark Mobius to retire from Franklin Templeton after over three decades The fund is down -6.9% on a one year basis to 14 March, and is up 10.9% over three years and down 1.1% over five. The FO Equity - Korea sector has returned 5.5%, 25.9% and 23.5% over the same period respectively. The MSCI Korea index, the fund's benchmark, is up 29.3%, 12.6% and 6.2% over one, three and five years respectively. Shareholders of the fund are being g...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

GQG launches pair of UCITS funds to European retail customers

GQG launches pair of UCITS funds to European retail customers

Global Value and US Value funds

Linus Uhlig
clock 20 January 2025 • 2 min read
Hargreaves adds Lazard Global Equity Franchise to Wealth Shortlist

Hargreaves adds Lazard Global Equity Franchise to Wealth Shortlist

Managers praised for experience

Sorin Dojan
clock 17 January 2025 • 1 min read
abrdn cuts fees and rebrands MyFolio Managed range

abrdn cuts fees and rebrands MyFolio Managed range

Now called abrdn MyFolio Core

Sorin Dojan
clock 14 January 2025 • 2 min read
Trustpilot