Franklin Templeton

Emerging markets do not face a bubble in the short term as the region shows robust economic fundamentals with little leverage and strong growth, says Michael Hasenstab at Franklin Templeton.

The Egyptian crisis has boosted the price of oil to a two-year high but sent equity markets lower, causing some managers to warn of contagion risk to the global economic recovery.

Emerging markets guru Mark Mobius says the geopolitical impact of the unrest in Egypt could be far-reaching and largely positive, by sparking "long overdue" reform in the region.

Developing economies will drive the global upturn, despite fears of a hard landing in China and other emerging markets last year, says Michael Hasenstab at Franklin Templeton.

Franklin Templeton has today completed its £45m cash purchase of Rensburg Fund Management from Investec.

Templeton's Mark Mobius has cut the number of holdings in his emerging markets portfolios in a bid to improve performance.

Templeton's Mark Mobius believes this year will see record inflows into emerging market funds.

Franklin Templeton has launched a total return bond fund into its Luxembourg-domiciled Sicav.

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

The Templeton UK Equity fund is likely to be merged away following Franklin Templeton's takeover of UK equity boutique Rensburg Fund Management.