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Templeton Emerging Markets Investment Trust (TEM)

Business description

Launched in June 1989, TEM was one of the first emerging markets funds in the UK. The trust seeks long-term capital appreciation through investment in companies operating in emerging markets or those with stocks listed on the stock markets of such countries. This may include companies that have a significant amount of their revenues in emerging markets, but which are listed on stock exchanges in developed countries. The benchmark is the MSCI Emerging Markets Index.

Stock data

Market cap.£1937.2m
Last close765.00p
High / Low (52 weeks)794.0p / 649.0p
Stock market listingLN, NZ
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment trusts

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Company news

FTSE dips as US rebounds from correction

Fri, 09 Feb 2018 15:33:45 GMT

Shell falls on profit-taking after stellar results

Thu, 01 Feb 2018 11:48:45 GMT

Emerging markets veteran Mark Mobius calls it a day

Fri, 05 Jan 2018 17:20:11 GMT

How our 2017/18 investment trust tips are faring

Thu, 23 Nov 2017 11:03:45 GMT

How 'gearing' boosts investment trust returns in rising markets

Wed, 19 Jul 2017 14:26:15 GMT

Investment summary

Templeton Emerging Markets Investment Trust (TEMIT) has been managed by Chetan Sehgal since the beginning of February 2018, when he took over from prior lead manager Carlos Hardenberg. The two managers had worked closely together for a number of years and there will be no change to the investment process. Sehgal will continue to follow Franklin Templeton’s value-based, bottom-up stock selection approach, aiming to generate long-term capital growth. The manager is optimistic on the outlook for emerging market equities, citing above-average earnings growth with below-average valuations versus global equities. TEMIT has recently announced its FY18 results (ending 31 March); its NAV and share price total returns of 12.4% and 13.7% respectively were ahead of the 11.8% total return of the benchmark MSCI Emerging Markets index.

Last updated on 19/06/2018

Key management

Paul Manduca, Chairman
Carlos Hardenberg, Lead manager

Company address

Templeton Emerging Markets Investment Trust PLC
5 Morrison Street
Edinburgh
EH3 8BH
United Kingdom
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