Templeton Emerging Markets Investment Trust TEMIT

Emerging Markets

Rated Fund 2013-15, 2018. A broad portfolio of domestic growth stocks

This trust was named Money Observer's Best Emerging Markets Trust in 2017. Launched in 1989 as the first global emerging markets trust, it has grown into the giant of its sector with assets of �2.4 billion.

The make-up of the portfolio has changed significantly since Carlos Hardenberg took over as lead manager from emerging markets veteran Mark Mobius at the end of 2015. By increasing the number of holdings from around 50 to 90, he has made it easier to include exposure to less-accessible frontier markets.

He has also shifted the sectoral emphasis away from banks and energy in favour of information technology and consumer discretionary, in the belief that emerging markets have become less dependent on exports of commodities and goods, and are more driven by domestic growth, technology and services.

Hardenberg is based in London, and is supported by Chetan Sehgal in Singapore. Like Mobius, Hardenberg looks for capital growth from companies with strong corporate governance and robust balance sheets that are generating plenty of cash, and subscribes to Franklin Templeton's value-oriented approach.

The trust's shares traded at a discount to net assets of around 12 per cent at the end of 2017, having narrowed from 15 per cent in mid-2016.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Templeton Emerging Markets Investment Trust TEMIT
Manager
Franklin Templeton
Type
Closed Ended Investment Company
ISIN
GB0008829292
Sector
Global Emerging Markets
Launched
12/06/1989
OCF
1.09 %
Risk Rating
5
3 Year Sharpe
0.65
3 Year Alpha
-0.50
Yield
1 %
Benchmark
MSCI EM GR USD
Fund Size
£ 1.87 billion
NAV
810
Gearing
109
Discount Premium
-14
To provide long-term capital appreciation for its investors through investment in companies operating in emerging markets or whose shares are listed on the stock markets of such countries. Investment will generally be made directly in the stock markets of emerging countries and the Company’s funds will normally be invested in equity investments.
Holding %
Samsung Electronics Co Ltd 8.24 %
Naspers Ltd Class N 5.78 %
Taiwan Semiconductor Manufacturing Co Ltd 4.90 %
Brilliance China Automotive Holdings Ltd 4.83 %
Alibaba Group Holding Ltd ADR 4.25 %
Tencent Holdings Ltd 3.16 %
Unilever PLC 3.15 %
Buenaventura Mining Co Inc ADR 3.08 %
Itau Unibanco Holding SA ADR 2.25 %
ICICI Bank Ltd 2.19 %
Region %
Asia - Emerging 37.11 %
Asia - Developed 25.36 %
Latin America 16.15 %
Europe - Emerging 8.94 %
Africa 8.41 %
Sector %
Technology 32.91 %
Financial Services 22.21 %
Consumer Cyclical 18.72 %
Energy 7.08 %
Basic materials 6.19 %
Consumer Defensive 6.11 %
Name
Franklin Templeton
Address
33394-3091, Ft. Lauderdale, United States
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Chetan Sehgal
Joined 02/01/2018

Data provided by Morningstar.

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