Templeton Dragon Fund, Inc. (“TDF”) Announces Upcoming Portfolio Management Change
July 30 2019 - 8:00PM
Templeton Dragon Fund, Inc. [NYSE: TDF] (the
“Fund”) today announced that Michael Lai will join Franklin
Templeton on August 5, 2019 as Senior Vice President and Portfolio
Manager, China Equities within Franklin Templeton Emerging Markets
Equity’s (FTEME) China investment team and become lead portfolio
manager for the Fund. Lai will replace Eddie Chow effective August
5, 2019. Chow will retire from Franklin Templeton effective
September 1, 2019, after 25 years of service to the firm.
Lai will be based in Hong Kong and will serve as a portfolio
manager focusing on FTEME’s China equity strategies. He brings over
three decades of investment experience and joins the firm from GAM
Investments (GAM), where he was lead portfolio manager of GAM’s
China equity strategy since its inception in 2007. He also headed
GAM’s Asian equity team in Hong Kong and was lead portfolio manager
of GAM’s Asian strategy and co-manager for additional strategies.
Previously, Lai held similar roles managing Asian equity strategies
for Trust Company of the West (Asia) and BZW, having begun his
investment career at Lehman Global Asset Management in 1989. Lai
holds an MSc in Econometrics from the London School of Economics
and is a CFA® charterholder.
In addition to Lai, Yu-Jen Shih will be added as a portfolio
manager on the Fund, effective August 5, 2019. Shih joined FTEME in
2018 as portfolio manager with a focus on Asia. Based in Singapore,
he brings over two decades of global and Asia investment
experience.
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization operating as Franklin Templeton. Franklin
Templeton’s goal is to deliver better outcomes by providing global
and domestic investment management to retail, institutional and
sovereign wealth clients in over 170 countries. Through specialized
teams, the company has expertise across all asset classes,
including equity, fixed income, alternatives and custom multi-asset
solutions. The company’s more than 600 investment professionals are
supported by its integrated, worldwide team of risk management
professionals and global trading desk network. With employees in
over 30 countries, the California-based company has more than 70
years of investment experience and over $715 billion in assets
under management as of June 30, 2019. For more information, please
visit franklintempleton.com.
CFA® and Chartered Financial Analyst® are trademarks owned by
CFA Institute.
For more information, please contact Franklin Templeton at
1-800-342-5236.
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