Mobius and Frikkee on Chelsea list

More than 20% of underperforming funds by assets sit within the UK Equity Income sector

Franklin Templeton's Mark Mobius has made his first appearance in Chelsea Financial Service's Relegation Zone of underperforming funds since it started 10 years ago. The Templeton Global Emerging Markets fund is ranked fourth quartile over the past three rolling discrete years to the end of May. Managing director of Chelsea Darius McDermott said: "It is certainly a surprise to see Mobius' fund enter the Relegation Zone given his reputation as a highly skilled emerging markets expert. "However, a couple of bad decisions on his part have hampered the fund over the last number of years -...