Chetan Sehgal: TEMIT rebuilding team ahead of EM rebound

Follows Mobius and Hardenberg departures

The Templeton Emerging Markets Investment trust (TEMIT) is positioning itself to capture a "widespread recovery" in emerging markets equities in the second half of 2018, as Franklin Templeton's £1.9bn investment company sets about "rebuilding the team".

Martin Currie's Andrew Ness joined TEMIT as a portfolio manager last week, to serve alongside lead manager Chetan Sehgal following the departure of long-standing managers Mark Mobius and Carlos Hardenberg, with the latter leaving the firm at the end of March. Winterflood issues warning over Franklin Templeton EM business following TEMIT management changes Sehgal said the hire, as well as research and analyst appointments in China and Singapore respectively, represented efforts to rebuild the team. He added: "We are augmenting the team to support the trust specifically." The MSCI...