Mark Mobius dies aged 89 in Singapore, emerging markets pioneer
Mark Mobius, a legend in global investing and a big name behind emerging markets, passed away at 89 in Singapore.
He joined John Templeton back in 1987 and helped launch one of the first mutual funds focused on fast-growing regions like Asia and Latin America.
Mobius led the Templeton Emerging Markets Group until 2016, leaving a major mark on how investors look at new markets.
Mobius visited countries before investing
Mobius was famous for actually visiting countries before investing. He wanted to understand local cultures and economies firsthand.
Thanks to his approach, global investment started paying more attention to places beyond just the US and Europe.
His fund often outperformed big benchmarks, and returned an average of 13.4% a year from 1989 until his retirement (January 2018).
Beyond finance, he wrote books on investing and even co-chaired a World Bank task force about responsible investing, a true explorer both in life and business.