Edison issues review on Templeton Emerging Markets

RNS Number : 7486H

Templeton Emerging Markets IT PLC

06 August 2021

 

London, UK, 6 August 2021

Edison issues review on Templeton Emerging Markets Investment Trust (TEM)

Templeton Emerging Markets Investment Trust (TEMIT) is managed by Chetan Sehgal (lead manager, based in Singapore) and Andrew Ness (based in Edinburgh). They have a broader remit as up to 10% of the portfolio may now be held in unlisted companies, while the limit on a single holding has been raised from 10% to 12%. The managers are able to draw on the considerable resources of a global team of more than 80 investment professionals operating out of 14 countries; this enables them to seek out interesting opportunities that other investors may not have access to. TEMIT has a strong performance record - its NAV and share price total returns are meaningfully ahead of those of the MSCI Emerging Markets Index over the past three and five years. Sehgal and Ness remain positive on the outlook for emerging market equities based on earnings growth that has exceeded consensus expectations and relatively attractive valuations.

Following the July 2021 5:1 share split, TEMIT now has more than one billion ordinary shares in issue. They are currently trading at a 8.0% discount to cum-income NAV, which is narrower than the 9.5% to 11.5% range of average discounts over the past one, three, five and 10 years. The trust pays semi-annual dividends and offers a dividend yield of 2.0%, which does not include an FY21 special dividend paid as a result of a favourable tax ruling.

Click here to view the full report or   here   to sign up to receive research as it is published.

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority .

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Mel Jenner [phone] [e-mail]

Victoria Chernykh [phone] [e-mail]

Learn more at   www.edisongroup.com and connect with Edison on: 

LinkedIn  https://www.linkedin.com/company/edison-group-/

Twitter    www.twitter.com/Edison_Inv_Res  

YouTube  www.youtube.com/edisonitv

 

END

 

 

NRAEALPSEFPFEFA