NEW YORK - Foreign capital markets are poised for a dramatic turnaround that mutual fund companies could take advantage of by offering closed-end funds that invest in those markets, according to Mark Mobius, managing director at Templeton Asset Management Ltd. of St. Petersburg, Fla.

Closed-end funds, rather than open-end funds, are appropriate for these markets because there is not enough investment interest in emerging markets to support open-end funds, he said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.