Mark Mobius, known as a pioneer in emerging markets, passed away at age 89. He was noted for being an early investor in markets such as Hong Kong and mainland China, and maintained a strong focus on China throughout his career.

Mark Mobius, who was known as the father of emerging markets and was among the first fund managers to invest in Hong Kong and mainland China, died on Wednesday at the age of 89, according to a statement on his LinkedIn account. The statement did not give the cause. Mobius was based in Dubai in recent years and remained active in investment via his own firm. He was managing director of Mobius Emerging Opportunities Fund. Mobius remained bullish on China throughout his career. In his last...