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Mobius Shuts Frontier Fund to New Investors on Record Inflow

Templeton Emerging Markets Group closed its fund that invests in the least-developed markets to new money, as record cash inflows turn stock indexes from Dubai to Argentina into the world’s best performers this year.

“The money was coming in too fast,” Mark Mobius, the executive chairman of Templeton Emerging Markets Group, which manages $53 billion, said in a phone interview from Dubai on Sept. 23. “But the market is still very buoyant and the opportunity longer term is still very, very good.”