Franklin Templeton to soft-close Mobius' Frontier Markets fund

The group has acted to stem inflows into the fund, which has seen assets swell $1.98bn within its SICAV format as of 30 April. It is understood the fund will no longer be available to new investors as of 28 June, though existing clients will still be able to invest. Launched in 2008, the fund is managed by Mobius (pictured) alongside portfolio manager Carlos Von Hardenberg, and invests in companies from across the cap scale that are incorporated in, or focused upon, frontier markets. In a low-return world, frontier markets have grown in popularity over the past 12 months - and in 2013 i...