Templeton Emerging Markets Investment Trust
Broader investment remit and positive outlook
5 August 2021
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. MORE »
Successfully navigating choppy waters
28 January 2021
Templeton Emerging Markets Investment Trust (TEMIT) has the benefit of two highly experienced managers, Singapore-based Chetan Sehgal and Andrew Ness, who is based in Edinburgh. They can draw on the significant resources of a team of more than 80 investment professionals working in 14 countries around the globe. The managers successfully navigated choppy waters during 2020, a period characterised by bouts of significant stock market volatility due to the global pandemic. TEMIT’s NAV has outperformed the MSCI Emerging Markets Index over the last one, three five and 10 years. Sehgal and Ness are constructive on the outlook for emerging market equities based on improving company fundamentals and relatively attractive valuations. MORE »
Exciting opportunities and improved performance
30 January 2020
Templeton Emerging Markets Investment Trust (TEMIT) has two experienced managers – Chetan Sehgal (based in Singapore) and Andrew Ness (based in Edinburgh). In 2019, they delivered a very strong year of performance in both absolute and relative terms, and are continuing to find attractive investment opportunities across a range of sectors and geographies. The managers are able to draw on a large and well-resourced investment team that has been refreshed in recent years, seeking quality companies that can be held for the long term. Ness says that TEMIT offers a portfolio with superior growth prospects, that is trading broadly in line with its benchmark, the MSCI Emerging Markets index. MORE »
Step-up in relative performance
3 July 2019
Templeton Emerging Markets Investment Trust (TEMIT) is managed by Chetan Sehgal (based in Singapore) and Andrew Ness (based in Edinburgh). They draw on the broad resources of the Franklin Templeton Emerging Markets Equity (FTEME) investment team, seeking quality companies trading at a discount to their intrinsic value that can be held for the long term. Despite increased stock market volatility in recent quarters, the managers have built on TEMIT’s solid long-term track record; it has outperformed its MSCI Emerging Markets index benchmark over the last one, three and 10 years, and is broadly in line over the last five years. MORE »
Managers positive on the 2019 outlook
7 March 2019
Templeton Emerging Markets Investment Trust (TEMIT) has recently appointed Andrew Ness as portfolio manager alongside Chetan Sehgal. Ness is based in Edinburgh, providing investors with a more accessible presence in the UK. The managers are constructive on the outlook for emerging markets in 2019, as they believe corporate earnings growth in the regions will surpass that in developed markets and emerging market equity valuations are attractive. TEMIT has outperformed its benchmark in NAV terms over one, three and 10 years, while its share price has also outperformed over five years. The trust now pays a semi-annual, rather than single year-end distribution, and currently yields 2.0% (based on the FY18 dividend). MORE »
New manager oversees improved performance
8 November 2017
Templeton Emerging Markets Investment Trust (TEMIT) aims to generate long-term capital growth from a portfolio of emerging market equities that is diversified by geography and sector. Carlos Hardenberg took over as lead manager on 1 October 2015, since when there has been a noticeable improvement in performance. TEMIT has outperformed its MSCI Emerging Markets Index benchmark by c 11pp over the last 12 months and has the best performance versus its peers by a considerable margin. Due to its substantial revenue reserves, the trust was able to maintain its FY17 annual dividend at 8.25p per share and a change in expense allocation will boost revenue returns from FY18; its current yield is 1.1%. MORE »
Emerging markets valuation opportunity
17 March 2014
Templeton Emerging Markets Investment Trust (TEMIT) aims to achieve long-term capital gains through investing in companies operating in emerging markets. These markets have underperformed the world market in two of the last three years, leaving valuation multiples at relatively attractive levels, with the forward P/E, for example, standing at 9.9x versus 14.1x for the world market. This points to a potentially interesting entry point for investors. TEMIT provides access to these markets via a fundamentally selected, relatively focused and low turnover portfolio. MORE »
Well-resourced emerging markets pioneer
25 June 2013
Templeton Emerging Markets Investment Trust (TEM) aims to achieve long-term capital gains through investing in companies operating in emerging markets (EM). As a pioneer in the field, the manager has extensive experience of the evolution of these markets; TEM was launched 24 years ago. Templeton Asset Management manages over £35bn of EM assets and supports a network of 18 offices providing local access. This, combined with a bottom up investment process and long-term view, is likely to have played a role in strong medium- and long-term performance, with the trust outperforming its benchmark over one, three, five and 10 years. MORE »
