Investment Manager Update

Nov 2023

Investment Manager Update

10th November 2023

Mobius Capital Partners LLP ("MCP") is pleased to announce its 5 year anniversary with both of its vehicles, the Mobius Emerging Markets Fund (MEMF) and the Mobius Investment Trust (MMIT), significantly outperforming their benchmarks over the period. This milestone underscores the Company's commitment to delivering sustainable outsized investment returns.

Founding Partner Dr Mark Mobius has notified Mobius Capital Partners of his intention to step back from the partnership in the coming months, leaving a legacy of excellence and devotion to MCP. 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.

The company and its funds will continue to be managed 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 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 Mobius Investment Trust’s 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

Anna von Hahn

Tel: +44 (0) 203 829 8500

Mob: +44 (0) 7852 882 770


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.

Disclaimer: Past performance and/or forecasts of any investment are not indicative of future results. The value of any investment and any income generated from it is not guaranteed and can fall as well as rise. This means that an investor may not get back the amount invested. Subscriptions for shares of the Funds should only be made on the basis of the latest Prospectus and Key Investor Information Document. MCP is only able to provide services to investors who can be categorised as professional or eligible counterparty clients under FCA rules. As such, if you are a retail investor interested in an MCP product (i.e. fund) you should contact your financial adviser rather than MCP for further information.