Emerging markets pioneer Mark Mobius to step down as lead manager on Templeton Emerging Markets Investment Trust
Carlos Hardenberg selected as new lead manager in effort to bolster performance, which has been subpar.
Mark Mobius, who is credited as a pioneer in emerging-market investing, will step down as the lead manager of one of the oldest developing-nation stock funds after trailing his benchmarks in recent years.
The Templeton Emerging Markets Investment Trust, a 1.9 billion pound ($2.9 billion) fund traded
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