Mobius reveals trust is 56% invested in first portfolio update since launch

Capital allocated 'with caution'

Jayna Rana
clock
Mark Mobius said he will remember 2018 fondly as the year Mobius Capital Partners was established
Image:

Mark Mobius said he will remember 2018 fondly as the year Mobius Capital Partners was established

In his first detailed update on the £95m Mobius Investment Trust, which launched on 1 October, Mark Mobius has revealed more than half of the trust is now invested, with 15 names across ten emerging market countries.

Mobius said he has exercised caution and discipline in allocating capital in the trust, due to 2018 being "a year to forget for emerging and frontier markets". Despite thinking of 2018 "fondly" as the year Mobius Capital Partners was established, the period was characterised by elevated volatility and political uncertainty while investors were "stalked by the threat of trade barriers and protectionism, with the backdrop of a strengthening dollar, tighter monetary conditions, and weaker commodity prices". Indeed, the trust - which launched at the start of the tumultous fourth quarter -...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
GMAP Dynamic also received a red rating

Property fund raises red flags at Royal London

Assessment of Value report

James Baxter-Derrington
clock 04 August 2022 • 2 min read
FCA guidance means platforms will play a more important role

Platforms ceiling on fund charges: Duty to consumers or a step too far?

New FCA guidance

Kathleen Gallagher
clock 04 August 2022 • 6 min read
Trustpilot