Templeton Emerging Markets IT PLC Edison issues review on Templeton Emerging Markets
06 Agosto 2021 - 1:00AM
RNS Non-Regulatory
TIDMTEM
Templeton Emerging Markets IT PLC
06 August 2021
London, UK, 6 August 2021
Edison issues review on Templeton Emerging Markets Investment
Trust (TEM)
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.
Following the July 2021 5:1 share split, TEMIT now has more than
one billion ordinary shares in issue. They are currently trading at
a 8.0% discount to cum-income NAV, which is narrower than the 9.5%
to 11.5% range of average discounts over the past one, three, five
and 10 years. The trust pays semi-annual dividends and offers a
dividend yield of 2.0%, which does not include an FY21 special
dividend paid as a result of a favourable tax ruling.
Click here to view the full report or here to sign up to receive research as it is published.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison 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.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information, please contact Edison:
Mel Jenner +44 (0)20 3077 5720
investmenttrusts@edisongroup.com
Victoria Chernykh +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn https://www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAEALPSEFPFEFA
(END) Dow Jones Newswires
August 06, 2021 02:00 ET (06:00 GMT)
Templeton Emerging Marke... (LSE:TEM)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Templeton Emerging Marke... (LSE:TEM)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024