Templeton Emerging Markets Investment Trust

LN: TEM

£1962.8m market cap

832p last close

Launched in June 1989, TEMIT 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 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. Performance is benchmarked against the MSCI Emerging Markets Index.

Investment summary

Templeton Emerging Markets Investment Trust’s (TEMIT) two managers have more than 50 years’ combined investment experience. Chetan Sehgal is based in Singapore and Andrew Ness is based in Edinburgh; they are part of a more than 80-strong team of portfolio managers and analysts across 16 countries around the globe. The trust’s relative performance was negatively affected during the coronavirus-led market sell-off earlier in 2020 but has since bounced back strongly. TEMIT has outperformed its benchmark, the MSCI Emerging Markets index, over the last one, three, five and 10 years in both NAV and share price terms.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.2 16.9 5.1
Relative* (0.5) 10.0 20.8
52-week high/low 876.0p/578.0p
*% relative to local index
Key management
Paul Manduca Chairman
Andrew Ness Co-manager
Chetan Sehgal Lead manager

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