Asset Management

Investors pull $300m from Templeton Asia fund

January outflows from fund co-managed by veteran investor Mark Mobius outpaced withdrawals from other big stock funds in the region

Friday 12 February 2016 at 11:32

Veteran investor Mark Mobius co-runs the Templeton Asian Growth fund
Veteran investor Mark Mobius co-runs the Templeton Asian Growth fund

Investors pulled nearly $300 million out of an Asian stock fund co-run by veteran investor Mark Mobius last month, extending a dramatic exodus from a fund that was for years the biggest of its kind in Asia.

The outflow, equivalent to more than 5% of Templeton Asian Growth fund's $5 billion in assets at the start of the month, outpaced withdrawals from other big stock funds in the region as volatility shook global markets, according to data provided by Morningstar.