Templeton Emerging Markets Investment Trust (LSE: TEM)

Last close As at 28/02/2024

GBP1.50

−0.80 (−0.53%)

Market capitalisation

GBP1,675m

Launched in June 1989, Templeton Emerging Markets Investment Trust 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 are listed on stock exchanges in developed countries. Performance is benchmarked against the MSCI Emerging Markets Index.

Latest Insights

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Equity Analyst

Melanie Jenner

Mel Jenner

Director, Investment Trusts

Key Management

  • Andrew Ness

    Co-manager

  • Chetan Sehgal

    Lead manager

  • Paul Manduca

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.6 0.4 (0.9)
Relative 3.0 (2.0) 2.5
52 week high/low 155.0p/141.0p

Overview

Templeton Emerging Markets Investment Trust’s (TEMIT’s) co-managers Chetan Sehgal (lead manager) and Andrew Ness consider that the case for emerging markets is not well understood. Hence, they believe that the regions remain under-owned, undervalued and under-appreciated, which provides an interesting opportunity for global investors. There are several powerful trends supporting the superior economic growth prospects of emerging markets versus those in developed regions, including demographics, urbanisation, higher consumption and technological innovation. Emerging markets also remain relatively attractively valued. TEMIT’s performance versus the MSCI Emerging Markets Index troughed in April 2022 and is in a steadily improving trend. The trust’s results tend to be better when investors focus on company fundamentals, which drive equity returns over the long term, rather than considering near-term macroeconomic events.

Research

Thematics

thematic

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Listed Private Equity

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Vietnamese equities: Due a comeback?

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Investment companies: Latin America is worthy of consideration

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