Edison review on Templeton Emerging Markets IT
London, UK, 18 June 2020
Edison review on Templeton Emerging Markets IT (TEM)
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.
TEMIT's current 11.6% discount to cum-income NAV is broadly in line with the 10.3% to 12.1% range of average discounts over the last one, three, five and 10 years. Over the last 12 months the trust has traded in a range of discounts from 8.7% to a decade-wide 19.9%. TEMIT has meaningfully grown its annual dividends in recent years and currently offers a 2.5% yield.
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