‘Father of emerging markets’ Mark Mobius launches new venture targeting green firms
The new fund house plans to launch a Luxembourg-based open-ended fund, with funding from Mobius and partners, as well as some selected investors
Former Templeton Emerging Markets Group executive chairman and “father of emerging markets” Mark Mobius has co-founded a new asset management company to invest in firms that uphold social and environmental responsibility standards in the region.
The 81-year-old fund manager who retired from Templeton in January said he had established Mobius Capital Partners LLP with other two veteran managers, Carlos Hardenberg and Greg Konieczny.
Headquartered in London, the firm will adopt an active investment approach with the intention to promote emerging market companies to improve their corporate governance standards, social and environmental policies.
“In Carlos and Greg, I have two partners with an enviable legacy and track record. Our combined knowledge and on-the-ground experience in sustainable investing is what sets us apart, and gives us the leading edge in delivering the changes we want to see in emerging and frontier markets,” Mobius said.
Mobius has over 30 years of experience investing in emerging markets, and was one of the early birds to invest in developing economies in Asia and mainland China. These markets are considered riskier than their developed counterparts but they usually generate higher returns.