Mobius Investment Trust (MMIT) has reduced its cash weighting from 15% in February to near-zero today, eyeing opportunities in Brazil, Turkey and South Africa as it highlighted the portfolio's "hidden value".
Co-manager of the £98m company Carlos Hardenberg told Investment Week it had been active during March and April as it looked to deploy the rest of the capital it raised during its October 2018 IPO. Co-founder of Mobius Capital Partners Konieczny to retire Technology firms such as Brazil's TOTVS and Turkey's Logo Yazilim Sanayi Ve Ticaret were added alongside Brazilian education provider YDUQS and South African pharmacy Clicks Group. Hardenberg reinforced Mobius Capital Partners' views that emerging markets (EMs) have structural tailwinds behind them. Hardenberg said the EM unive...
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