Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Franklin Templeton poaches AAA-rated EM stockpicker

Franklin Templeton poaches AAA-rated EM stockpicker

Franklin Templeton Emerging Markets (FTEME) has hired Emerging Market Equities Citywire AAA-rated Andrew Ness from Martin Currie.

Ness (pictured) one of the best performing emerging market managers of recent years, joins the firm from Martin Currie, where he had worked since moving from Swip in 2010.

'Andrew is a seasoned emerging markets portfolio manager with a long-term track record of outperformance, and we are very excited to have someone of his caliber and experience joining our team,' said Manraj Sekhon, FTEME's cheif investment officer.

'The needs of our clients in emerging markets investing continue to evolve as does the investment landscape. Andrew’s appointment underscores our commitment to ensuring that we have the right talent and resources in place to deliver on our investors’ expectations.'

Ness will work alongside FTEME's senior portfolio manager Chetan Sehgal and joins the team after period of turmoil that saw TEM's chair, emerging market legend Mark Mobius, and two senior portfolio managers Carlos Hardenberg and Greg Konieczny, leave the firm to launch a boutique.

Franklin Templeton’s flagship Templeton Emerging Markets Investment Trust (TEMIT), which is managed by Sehgal, has performed well recently, growing its net asset value by 56% in the past three years.

However, following the high profile exits the trusts discount has increased to 12.1% from 8% earlier this year.

 

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Chetan Sehgal
Chetan Sehgal
34/326 in Equity - Global Emerging Markets (Performance over 1 year) Average Total Return: 4.69%
Andrew Ness
Andrew Ness
Your Business: Cover Star Club

Profile: how Brighton Capital joined Brewin and UBS alumni

Profile: how Brighton Capital joined Brewin and UBS alumni

‘I’m a mini business inside a mini business,’ says Sylvia Bowen, describing her new role at boutique Brighton Capital Management.

Wealth Manager on Twitter