Toronto-based Franklin Templeton Investments Corp. announced portfolio management team appointments on Tuesday for three mutual funds that Templeton Emerging Markets Group (TEMG) subadvises for Canadian investors.
The appointments, effective as of April 3, are part of a series of new portfolio manager assignments that will align TEMG’s portfolio management teams across its fund offerings and recognize the investment leadership roles key individuals have been playing in their specific strategies.
Specifically, Chetan Sehgal, director of global emerging markets and small-cap strategies for TEMG, will assume the role of lead portfolio manager forTempleton Emerging Markets Fund whileCarlos Hardenberg, director of frontier markets strategy for the group, will be added as a portfolio manager. The fund’s current lead portfolio manager Mark Mobius is stepping off the fund’s portfolio management team, but will remain as executive chairman for TEMG, contributing investment ideas and research for the group.
In addition, Templeton Asian Growth Fund’s current co-lead portfolio manager, Allan Lam, director of Asia Strategy for TEMG, will become lead manager as Mobius steps off the fund’s portfolio management team. TEMG portfolio managerEric Mok will be added as a portfolio manager for the fund.
Similarly, Hardenberg, Templeton Frontier Markets Fund’s current co-lead portfolio manager, will become lead portfolio manager, as Mobius steps down from the fund’s portfolio management team. TEMG portfolio managersDavid Haglund and Ahmed Awny will continue in their current roles as portfolio managers for the fund.
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Templeton Emerging Markets Corporate Class, Templeton Asian Growth Corporate Class and Templeton Frontier Markets Corporate Class, part ofFranklin Templeton’sCorporate Class structure, are also impacted by these appointments as they invest in units of Templeton Emerging Markets Fund, Templeton Asian Growth Fund and Templeton Frontier Markets Fund, respectively.
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