Over the last three years Templeton have been transitioning the trust away from Mark Mobius, who was the key figure head behind Templeton’s emerging market team. As part of that process Carlos Hardenberg became lead manager of the trust, and Chetan Sehgal was Carlos’ deputy. The trust had had a period of underperformance and since Carlos began managing the trust the performance has started to improve.
As part of the changes the strategy switched to new economies. Previously it had been focused on cyclical stocks and under the new team it moved towards technology and the consumer. They also reduced country risk exposure, for example reducing exposure to Thailand…read more