Mobius Investment Trust

What Mobius Investment Trust does

Mobius Investment Trust Plc (LSE: MMIT) is a London-listed investment trust launched in October 2018 and managed by MCP Emerging Markets LLP, an independent, 100% partner-owned firm founded by Carlos von Hardenberg. The trust executes a single, unconstrained, long-only strategy focused on dynamic small- and mid-cap companies in emerging and frontier markets, holding a concentrated portfolio of 25-30 names (23 holdings totaling $245.9 million as of November 30, 2025) across geographies including India, South Africa, Indonesia, Mexico, the UAE, Poland, and Vietnam. Its investment process combines bottom-up microeconomic research with a proprietary macro-overlay risk management system, and is differentiated by the ESG+C framework - a registered trademark that incorporates Environmental, Social, Governance and Culture assessments and drives bespoke engagement strategies for each portfolio company. MCP Emerging Markets also manages a parallel Luxembourg-registered UCITS fund offering the same strategy through an open-ended vehicle, and supports the brand through a monthly podcast ('Insiders and Outliers'), quarterly ESG+C factsheets, and a dedicated media centre.

Name

Mobius Investment Trust

Legal name

Mobius Investment Trust Plc

Website

https://mobiusinvestmenttrust.com

Company type

Public

Founded year

2018

Operating status

Operating

Short description

Mobius Investment Trust (MMIT) is a London-listed fund that provides concentrated, active long-only exposure to emerging and frontier market small- and mid-cap equities, serving institutional, wealth management, and ESG-focused investors through a proprietary ESG+C engagement framework.

Ownership category

akta.pro rank

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Management Fees: Generates revenue through management fees charged on assets under management of the Mobius Investment Trust listed on LSE and the Luxembourg UCITS fund

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Mobius Investment Trust is a London Stock Exchange-listed investment trust that delivers a single, unconstrained, long-only strategy investing in dynamic small- and mid-cap companies across emerging and frontier markets. The trust maintains a concentrated portfolio of 25-30 high-conviction holdings, applying a proprietary bottom-up research process and the firm's ESG+C framework to drive active ownership and value creation. The strategy is also offered through a Luxembourg UCITS fund vehicle managed by MCP Emerging Markets LLP.

Product overview

Mobius Investment Trust (MMIT) is a single-strategy investment product listed on the London Stock Exchange, managed by MCP Emerging Markets LLP and founded by Carlos von Hardenberg. The core offering is a concentrated portfolio of 25-30 small- and mid-cap equities across emerging and frontier markets, employing an unconstrained, long-only strategy with active ownership and ESG+C engagement. The company operates a dual-product structure: Mobius Investment Trust (the listed investment trust) and the MCP Emerging Markets Fund (a Luxembourg-registered UCITS fund), both executing the same investment approach. Additionally, the company produces the 'Insiders and Outliers' podcast for investor education and market commentary.

Differentiator

Problem solved

Functional benefit

Products and services

• Mobius Investment Trust (MMIT) A London Stock Exchange-listed investment trust managed by MCP Emerging Markets LLP, offering concentrated, unconstrained, long-only exposure to dynamic small- and mid-cap companies across emerging and frontier markets, with active ownership and ESG+C engagement strategies.
• MCP Emerging Markets Fund (Luxembourg UCITS) A Luxembourg-registered UCITS fund managed by MCP Emerging Markets LLP, providing open-ended vehicle access to the same concentrated emerging markets strategy as Mobius Investment Trust for investors seeking an alternative structure.

Quantifiable outcome

• Volume CAGR of around 43% between FY23 and FY26 achieved by portfolio company GNG Electronics
• +1 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Templeton Emerging Markets Investment Trust: LSE-listed investment trust focused on emerging markets equities, directly comparable to MMIT in structure, vehicle type, and target investor base. Both pursue concentrated, active EM equity strategies with benchmark-agnostic approaches.
• Fidelity Emerging Markets Limited: LSE-listed closed-end fund investing in emerging markets equities with a long-term, fundamental approach. Directly comparable to Mobius in vehicle structure, EM focus, and UK retail/adviser distribution via platforms.
• JPMorgan Emerging Markets Investment Trust: LSE-listed emerging markets equity investment trust with a quality-growth bias. Comparable in structure and investor access; differs in being part of a much larger asset manager (JPMAM) which gives scale advantages Mobius lacks.
• Utilico Emerging Markets Trust: LSE-listed investment trust focused on emerging markets infrastructure and listed equities. Comparable as a small-cap, concentrated EM trust targeting retail and institutional investors through UK platforms.
• Pacific Horizon Investment Trust: Baillie Gifford-managed LSE-listed investment trust investing in Asia-Pacific and emerging markets equities. Comparable in vehicle type, EM exposure, and long-only active ownership approach with ESG integration.
• abrdn Emerging Markets Equity Income Fund: Open-ended fund focused on emerging market equities with an income bias, managed by abrdn. Comparable in EM active management approach and UK/European retail distribution, though structured as an open-ended OEIC rather than a trust.
• Herald Investment Trust: LSE-listed investment trust focused on smaller companies in technology and emerging markets, with a high-conviction concentrated portfolio. Comparable in benchmark-agnostic, concentrated small-cap active approach.
• Lazard Emerging Markets Fund: Open-ended EM equity fund with a quality-value tilt, distributed to UK and European investors. Comparable in fundamental, benchmark-aware EM active management approach.

Broad incumbents

• Ashmore Group: London-listed specialist asset manager dedicated to emerging markets across equities, debt, and alternatives. Comparable in EM specialism and active management philosophy, but operates at materially larger AUM scale with broader product suite.
• Schroder Emerging Markets Fund: Large open-ended EM equity fund managed by Schroders, distributed via UK platforms. Comparable in target investor base and EM exposure; materially larger AUM and broader product range than Mobius.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeopen.spotify.com/show/0mBghsOuRiAdTWD0PMyKKV
• Xx.com/MobiusCap

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mobius Investment Trust