Fund Research

Templeton Emerging Markets

Last update 09 October 2018
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Templeton Emerging Markets invests in emerging markets equities on a global basis, aiming to maximise total returns over the long run with a value-based, bottom up approach.

The manager Chetan Sehgal, who took over in April, was previously deputy manager on the trust. He is a director of emerging markets equities and has had a strong input into all of Franklin Templeton’s emerging markets funds since 2016. As a consequence, there has been no change of approach under Chetan.

Returns were strong relative to peers in 2016 and 2017 thanks to overweights to the consumer discretionary and technology sectors, although 2018 has been more difficult - as it has for active managers as a whole.

The trust yields 2.2% following a significant rise in revenues per share thanks to a strong 2017 as well as policy changes designed to boost the dividend.

The discount of 15% has remained stubbornly wide despite board attempts to close it, and it remains on a wider discount than its peer group average.

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Fund History: Templeton Emerging Markets

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