Mark Mobius, the trailblazing investor known as the Indiana Jones of emerging markets, has died at age 89. He used on-the-ground research to shift perceptions of developing nations from high-risk outliers to essential assets.
Mobius spent over 30 years at Franklin Templeton Investments. Sir John Templeton hired him in 1987 to launch one of the first mutual funds dedicated to emerging markets.
He grew the Templeton Emerging Markets Group's assets from an initial $100 million. These assets eventually exceeded $50 billion.
Mobius retired from the firm in 2018. He co-founded Mobius Capital Partners to continue his focus on emerging and frontier markets.