04.06.2015, 01:58
Edison research note on Templeton Emerging Markets
OREANDA-NEWS. June 04, 2015. Templeton Emerging Markets Investment Trust (TEMIT) is an actively managed fund that invests across global emerging markets, maintaining a relatively concentrated portfolio of c 50 stocks that are well-diversified by geography and sector. The manager aims to invest in higher-quality companies for the long term, focusing on sustainable earnings prospects, and sees the recent increase in market volatility creating attractive entry points for new investments. TEMIT has a track record of long-term outperformance with NAV total returns ahead of the benchmark and peer group over 10 years.
TEMIT's share price discount to NAV (including income) has followed a widening trend from September 2014, moving from 7.9% to stand at 12.7% currently, arguably due to a weaker relative performance. The discount is now at the wider end of the peer group range as well as higher than its 12-month average of 10.6%, suggesting there is scope for it to narrow as performance improves.
For the full report see:
http://www.edisoninvestmentresearch.com/research/report/templeton-emerging-markets-inv.-trust1



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