The veteran emerging markets fund manager, Mark Mobius, has confirmed he is ‘exploring’ plans to launch an investment trust in London.
Mobius Capital Partners, which he co-founded along with Carlos Hardenberg and Greg Konieczny in May, said the new trust would “provide access to the firm's highly specialised active ownership strategy”.
That strategy would focus on small- and mid-cap companies in emerging and frontier markets, an area that has “changed dramatically over the last 30 years”.
“At Mobius Capital Partners we believe our approach to investment must also evolve to stay relevant,” stocks guru Mobius said.
“That is why we are adopting an innovative and specialised strategy built around actively partnering with our portfolio companies.
“The recent correction across emerging and frontier markets has presented the perfect conditions to be launching MMIT, with currencies at an all-time low and company valuations looking increasingly attractive."