REG - Mobius Inv.Trust PLC - Investment Manager Update

Mobius Investment TrustAnnouncement

10/11/2023 11:30

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RNS Number : 1072T  Mobius Investment Trust PLC  10 November 2023

10 November 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION EU 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

 

Mobius Investment Trust plc

(the "Company" or "MMIT")

 

Investment Manager Update

 

Mobius Investment Trust plc is pleased to announce its 5-Year anniversary
with significant outperformance against the benchmark and its peer group in
the period since the Company's IPO. This milestone underscores the Company's
commitment to delivering sustainable outsized investment returns.

Founding Partner Dr Mark Mobius has notified the Company and the Company's
Investment Manager, Mobius Capital Partners LLP ("MCP"), of his intention
to step back from the partnership in the coming months, leaving a legacy of
excellence and devotion to MCP and the Company. His contributions have been
pivotal to the Company's success, and his approach of emerging market
investing since the 1980s remains embedded in MCP's investment philosophy.

MMIT will continue to be managed by MCP, which is led by Carlos Hardenberg,
supported by an experienced team of emerging markets specialists. Carlos has
been investing in emerging markets and working closely with Dr Mobius for over
23 years. He successfully managed country, regional and global emerging and
frontier market portfolios including the largest London listed emerging
markets trust generating significant outperformance over the entire period.

Founding Partner Carlos Hardenberg said: "Our journey over the past five
years has been marked by progress, and we are genuinely grateful for the
results we have achieved. We would like to extend our heartfelt gratitude to
Mark for his exceptional contributions to emerging market investing over his
long career and more recently to MCP and MMIT over the last five years.
Mark's dedication has been instrumental to our success. As we look forward to
the future, I intend to promote our most talented employees to the role of
partners. This is to acknowledge their strong performance and commitment to
MCP."

Dr Mobius expressed his sentiments, commenting: "I am proud of the investment
team's strong performance during the last five years which proves that a
concentrated and differentiated portfolio of high-quality stocks can generate
exceptional returns. As a shareholder of the MMIT, I will be following the
Company's progress closely and will continue to be available to the team and
the Board."

Speaking on behalf of the Board, Maria Luisa Cicognani, Chairman of MMIT,
said: "Mark and Carlos have been instrumental to MMIT's success and
outperformance since our IPO, and with Mark now intending to leave the
partnership, we would like to express our immense gratitude to him for his
advice and expertise over the years. We look forward to continuing to work
with Mark, drawing on his support and vast knowledge of emerging markets, as
MCP progresses with a strong and committed team led by Carlos which we are
confident will continue to deliver outstanding results for our shareholders."

 

For further information please contact:

 

 Mobius Capital Partners LLP   Tel: +44 (0) 203 829 8500

 Anna von Hahn                 Mob: +44 (0) 7852 882 770

                               Email: anna@mobiuscapitalpartners.com (mailto:anna@mobiuscapitalpartners.com)

 Camarco                       Tel: +44 (0) 790 012 1128

 Eddie Livingstone Learmonth   Email: mobius@camarco.co.uk (mailto:mobius@camarco.co.uk)

 
-ENDS-

Frostrow Capital LLP

Company Secretary

Tel: 020 3170 8732

 

 

Neither the contents of the Company's website nor the contents of any website
accessible from hyperlinks on the Company's website (or any other website) is
incorporated into, or forms part of, this announcement.

 

LEI: 21380033EKFQS15X1W22

 

 

 

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