Hardenberg overhauls TEMIT as he takes over from Mobius

Raises number of holdings

Jayna Rana

Templeton's Carlos Hardenberg is set to significantly increase the number of holdings and explore more "specialist" regions on the £1.3bn Templeton Emerging Markets trust, following his appointment to lead manager earlier this year.

It was announced in July that Hardenberg, who joined Templeton in 2002, will take over from Mark Mobius, who had run the trust for 26 years.  Hardenberg is now supported by Chetan Sehgal and Mobius, who remains portfolio manager on the team. In an analyst note published by Winterflood Investment Trusts, the new manager stated his investment approach will "remain true to the fund's historic value orientation," but he intends to make a number of changes to the portfolio and investment process. He expects the number of holdings to rise to between 80 and 120, from the current 55. Ha...

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