RCS - TempletonEmerg.Mkt. - Edison issues update on Templeton Emerging Markets

Templeton Emerging Markets Investment TrustAnnouncement

27/02/2023 09:00

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RNS Number : 1272R  Templeton Emerging Markets IT PLC  27 February 2023

London, UK, 27 February 2023

 

Edison issues update on Templeton Emerging Markets IT (TEM)

Templeton Emerging Markets Investment Trust (TEMIT) has two very experienced
managers: Chetan Sehgal (lead manager - based in Singapore) and Andrew Ness
(based in Edinburgh). They are encouraged by the trust's improved absolute and
relative performance in recent months as investors are focusing more on
company fundamentals rather than macroeconomic developments. The managers seek
quality companies with high returns and sustainable business models that are
trading at a discount to their intrinsic values and TEMIT's resulting
portfolio is broadly diversified by geography, sector and market cap.

 

TEMIT's 12.8% discount compares with the 9.3-16.4% range of discounts over the
last 12 months. Over the last one, three, five and 10 years the trust's
average discounts are 12.8%, 11.1%, 11.2% and 11.3% respectively. There is
scope for the trust to be afforded a higher valuation if its relative
performance continues to improve or investor sentiment towards emerging market
equities becomes more favourable.

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www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison 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.

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(mailto:investmenttrusts@edisongroup.com)

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