Veteran emerging markets investor and founder of one of the first emerging markets funds, Mark Mobius, has died at the age of 89.
Mr Mobius ran one of the first emerging markets funds at Franklin Templeton where he spent 30 years before setting up Mobius Capital Partners in March 2024.
His passing was announced on Wednesday via the Mobius Capital Partners LinkedIn page.
Jenny Johnson, CEO of Franklin Templeton, said: “Mark wasn’t just the father of emerging markets. To my family and me, he was a dear friend.”
She added: “His professional legacy is extraordinary, of course. Mark opened the world’s eyes to emerging markets and inspired generations of investors to think more globally, more boldly and with greater imagination about what’s possible. He changed how we invest and how we see opportunity across the world.”
At the time of his death he was managing director and chief investment officer of the Mobius Emerging Opportunities Fund. John Ninia and Eric Nguyen will assume his responsibilities at Mobius Investments, according to the firm’s statement on social media.
John Ninia, partner at Mobius Investments, said: “Mark’s pursuit for growth extended far beyond financial returns. Every day, he worked at becoming a better version of himself - in his character, his fitness, his knowledge, and the kindness he showed others. Mark didn’t just teach people about markets. He taught people how to see the world.”