Investments  

Mobius explains underperformance of Asian fund

Templeton’s emerging market veteran Mark Mobius has spoken out to explain the recent short-term underperformance of the $15.9bn (£9.7bn) Templeton Asian Growth fund.

In an interview with Investment Adviser, to be published in full next week, Mr Mobius said the fund’s 4.3 per cent year-to-date loss was a result of his exposure to the commodities sector.

In spite of the short-term lull, the manager remains convinced of the sector’s long-term growth story.

Article continues after advert

“There has been a lot of negative sentiment and the prices have gone down as have the stocks, so we have started to pick up some more names in this space,” Mr Mobius said.