While Mobius has been the figurehead, Templeton Emerging Markets has always been run with a team approach.
For Laith Khalaf, senior analyst at Hargreaves Lansdown, little is likely to change in the philosophy behind the trust.
“There is not much changing in terms of the personnel running the trust, apart from on the surface where there has been a reshuffle,” he says.
“It may well make sense to give a new manager some exposure within the confines of investing within the same team and with the same resources, with Mobius’ expertise on hand to draw on. Maybe it is time to give another member of the team their spot in the limelight.”
From 1 October, it is Carlos Hardenberg that is primed to step into that limelight, replacing a man who for many is the very embodiment of the cult of the fund manager.
