Franklin Templeton

Franklin Templeton is to close two of its UK OEICs and merge away two others following a review of its UK domiciled fund range.

The winners of the Investment Week Investment Trust Awards 2011 were announced at a glittering ceremony in London last night.

Franklin Templeton Investments has launched the Templeton Emerging Markets Balanced fund for Mark Mobius and Michael Hasenstab.

Warren Buffett has emerged as one of the biggest investors to be affected by Japan's earthquake and tsunami, with estimated paper losses of $150m from his investments in reinsurers Swiss Re and Munich Re.

Templeton's Mark Mobius believes this year will see record inflows into emerging market funds.

Investec has agreed to sell Rensburg Fund Management Limited to Franklin Templeton for £45m.

Mark Mobius, the world's most recognisable emerging markets manager, is being investigated in Turkey over possible market manipulation following requests from investors in the country.

Emerging markets guru Mark Mobius explains the attraction of frontier markets.

OUTLOOK FOR GEM

Ruli Viljoen, head of investment research at OBSR, a Morningstar company, looks at some of the Chinese equity funds the firm rates.