Franklin Templeton and JPM offshore funds hit top of IMA

Offshore funds run by Franklin Templeton and J.P. Morgan have moved into top-quartile positions among peers after being admitted to into IMA sectors.

Templeton Asian Growth, run by emerging markets guru Mark Mobius, is now the top-performing fund over one year in Asia Pacific ex Japan sector. It has returned 88.38% over the 12 months to 7 April, compared to a sector average of 60.96%. Asian Growth’s largest geographical weightings are in Thailand and India – which Mobius expects to continue to perform well in 2010. “There is good reason to believe India will continue to register good economic growth. The Congress Party has a strong mandate from the electorate to make things happen,” he says. “I think the key factors going forwar...