To provide long term capital appreciation for its shareholders through investment in companies listed in emerging markets or companies which earn a significant amount of their revenues in emerging markets, but are listed on stock exchanges in developed countries.
TEMIT has been helping investors access the dynamic growth potential of emerging markets companies since 1989.
Total Net Assets [further-information] | £2,590.17million |
---|---|
Market Capitalisation [further-information] | £2,290.19 million |
No of shares in issue | 236,345,731 |
Net Gearing [further-information] | 0.0% |
Benchmark | {{overview.quickFacts.benchmark}} |
Ticker | {{overview.quickFacts.ticker}} |
ISIN | {{overview.quickFacts.ISIN}} |
SEDOL | {{overview.quickFacts.SEDOL}} |
Ongoing Charge [further-information] | 0.99% |
---|
Launch Date | 12 June 1989 |
---|---|
Financial Year End | 31 March |
Half-Year End | 30 September |
Annual Report Published | June |
Half-Yearly Report Published | November |
AGM | July |
Potential Interim Dividend Ex-D Date (for 2020 H-Y Report) | December 2020 |
Potential Interim Dividend Record Date (for 2020 H-Y Report) | December 2020 |
Potential Interim Payment Date (for 2020 H-Y Report) | January 2021 |
Potential Final Dividend Ex-D Date (for 2021 Annual Report) | June 2021 |
Potential Final Dividend Record Date (for 2021 Annual Report) | June 2021 |
Potential Final Dividend Payment Date (for 2021 Annual Report) | July 2021 |
As pioneers in emerging market equity investing, the Templeton Emerging Markets Group use their expertise, experience and local country knowledge to help them uncover emerging market companies with the potential to grow in value over the long-term.
Find out moreLike all stock market investments, you take the risk that the companies, currencies and markets that TEMIT invests in do not perform as expected. Emerging markets can be subject to significant and rapid changes in value, particularly in the short-term, so the value of your investment can rise and fall accordingly. It could mean you may get back less than you invested. Although you are free to decide at any time when to sell shares in TEMIT, you should consider it a long-term investment.
Past performance is not a guarantee or an indicator of future performance.
The companies in which TEMIT invests are, by reason of the locations in which they operate, exposed to the risk of a lack of established legal, political, business and social frameworks to support a securities markets or the imposition of trade barriers and exchange controls. They may make it difficult to sell investments or result in price changes. It may not always be possible to sell shares in investment companies such as TEMIT.
There is no guarantee that TEMIT will achieve its objective.
TEMIT can borrow money to purchase additional investments (gearing). This can increase the risk to your investment if the cost of the gearing exceeds the investment return from it.
These and other risk considerations are covered in TEMIT's annual report.
We are unable to provide any advice about TEMIT's suitability for your personal circumstances. If you are in any doubt you should speak to a professional financial adviser.
Security | % of portfolio |
---|---|
SAMSUNG ELECTRONICS CO LTD | 7.0268% |
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 6.9485% |
NASPERS LTD | 6.1070% |
ALIBABA GROUP HOLDING LTD | 5.5421% |
ICICI BANK LTD | 3.8199% |
BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD | 3.3029% |
UNILEVER PLC | 3.0693% |
TENCENT HOLDINGS LTD | 3.0251% |
LUKOIL PJSC | 2.5616% |
NAVER CORP | 2.5132% |
These securities do not represent all of the securities purchased, sold or recommended for clients, and the reader should not assume that investment in the securities listed was or will be profitable. The portfolio manager for the Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in the top holdings list.
Sector | Perc | MSCI Emerging Markets Index (BM2658) |
---|---|---|
Information Technology | 30.72 | 20.88 |
Consumer Discretionary | 18.76 | 19.27 |
Financials | 18.12 | 17.14 |
Communication Services | 17.41 | 12.28 |
Consumer Staples | 4.44 | 5.66 |
Materials | 3.09 | 7.40 |
Industrials | 2.76 | 4.24 |
Energy | 2.29 | 4.59 |
Health Care | 1.13 | 4.68 |
Cash & Cash Equivalents | 0.81 | 0.00 |
Real Estate | 0.47 | 1.95 |
Utilities | 0.00 | 1.91 |
Country | TEMIT | Benchmark (BM2658) |
---|---|---|
Hong Kong / China | 30.33 | 40.13 |
South Korea | 21.41 | 13.30 |
Taiwan | 16.61 | 13.32 |
Brazil | 5.88 | 4.61 |
Russia | 5.64 | 2.81 |
India | 5.63 | 8.86 |
South Africa | 3.59 | 3.49 |
United Kingdom | 2.08 | 0.00 |
Thailand | 1.89 | 1.78 |
United States | 1.28 | 0.00 |
Rest of the world | 4.92 | 11.70 |
Cash & Cash Equivalents | 0.81 | 0.00 |
TEMIT has the ability to borrow money for investment purposes. The Board has agreed that the Company may borrow up to 10% of its net assets.
Net Gearing: 0.0% as at 31/01/2021
<2.0 Billion | |
---|---|
2.0-5.0 Billion | |
5.0-10.0 Billion | |
10.0-25.0 Billion | |
25.0-50.0 Billion | |
>50.0 Billion |
Number of Holdings | |
---|---|
Dividend Yield (i) [further-information] | |
Price to Earnings (i) [further-information] | |
Price to Cashflow (i) [further-information] | |
Price to Book (i) [further-information] | |
Weighted Average Market Capitalisation (i) |
Values are shown as a percentage of total including cash. Totals may not equal 100% due to rounding and/or gearing. References to particular industries, sectors or companies are for general information and are not necessarily indicative of a portfolio’s holding at any one time. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change.
The prices of shares and income from them can go down as well as up, and investors may not get back the full amount invested. Past performance is not a guarantee or indicator of future performance. Currency fluctuation may affect the value of overseas investments. In emerging markets, the risks can be greater than in developed markets An investment in TEMIT entails risks which are described in the annual report.
12 months to | {{performance.tables.discreteAnnual.headers.[0]}} | {{performance.tables.discreteAnnual.headers.[1]}} | {{performance.tables.discreteAnnual.headers.[2]}} | {{performance.tables.discreteAnnual.headers.[3]}} | {{performance.tables.discreteAnnual.headers.[4]}} |
---|---|---|---|---|---|
Share price | {{performance.tables.discreteAnnual.marketPrice.[0]}}% | {{performance.tables.discreteAnnual.marketPrice.[1]}}% | {{performance.tables.discreteAnnual.marketPrice.[2]}}% | {{performance.tables.discreteAnnual.marketPrice.[3]}}% | {{performance.tables.discreteAnnual.marketPrice.[4]}}% |
NAV | {{performance.tables.discreteAnnual.nav.[0]}}% | {{performance.tables.discreteAnnual.nav.[1]}}% | {{performance.tables.discreteAnnual.nav.[2]}}% | {{performance.tables.discreteAnnual.nav.[3]}}% | {{performance.tables.discreteAnnual.nav.[4]}}% |
{{overview.quickFacts.benchmark}} | {{performance.tables.discreteAnnual.benchmark.[0]}}% | {{performance.tables.discreteAnnual.benchmark.[1]}}% | {{performance.tables.discreteAnnual.benchmark.[2]}}% | {{performance.tables.discreteAnnual.benchmark.[3]}}% | {{performance.tables.discreteAnnual.benchmark.[4]}}% |
1 month | 3 months | Year to date | 1 year | 3 years | 5 years | 10 years | |
---|---|---|---|---|---|---|---|
Share price | {{performance.tables.cumulative.marketPrice.[0]}}% | {{performance.tables.cumulative.marketPrice.[1]}}% | {{performance.tables.cumulative.marketPrice.[2]}}% | {{performance.tables.cumulative.marketPrice.[3]}}% | {{performance.tables.cumulative.marketPrice.[4]}}% | {{performance.tables.cumulative.marketPrice.[5]}}% | {{performance.tables.cumulative.marketPrice.[6]}}% |
NAV | {{performance.tables.cumulative.nav.[0]}}% | {{performance.tables.cumulative.nav.[1]}}% | {{performance.tables.cumulative.nav.[2]}}% | {{performance.tables.cumulative.nav.[3]}}% | {{performance.tables.cumulative.nav.[4]}}% | {{performance.tables.cumulative.nav.[5]}}% | {{performance.tables.cumulative.nav.[6]}}% |
{{overview.quickFacts.benchmark}} | {{performance.tables.cumulative.benchmark.[0]}}% | {{performance.tables.cumulative.benchmark.[1]}}% | {{performance.tables.cumulative.benchmark.[2]}}% | {{performance.tables.cumulative.benchmark.[3]}}% | {{performance.tables.cumulative.benchmark.[4]}}% | {{performance.tables.cumulative.benchmark.[5]}}% | {{performance.tables.cumulative.benchmark.[6]}}% |
Overview
Stocks worldwide began 2021 on a strong footing as markets eyed increased US stimulus following the Democrats’ Senate election victories. However, the uptrend stalled in the face of potential delays to the stimulus package, stock valuation concerns, and a resurgent pandemic amidst slow vaccine rollouts and the spread of new coronavirus strains.
Emerging Asian equities outpaced broader emerging markets (EMs). East Asian markets were largely stronger. Both Taiwan and China posted better-than-expected economic growth for 2020 and were amongst the few markets in the world to avoid a contraction during the pandemic.
Latin American markets were amongst the weakest EMs. Nonetheless, we have seen significant innovation taking place in Brazil and capital market activity has been vibrant.
Emerging European equities lost ground as parts of Europe continued to confront rising COVID-19 cases and mobility curbs. In the Middle East and Africa region, South African stocks rose.
Stocks worldwide began 2021 on a strong footing as markets eyed increased US stimulus following the Democrats’ Senate election victories. However, the uptrend stalled in the face of potential delays to the stimulus package, stock We added to some existing holdings and initiated positions in the portfolio. A new holding was China Resources Land, a leading property company in China that stands out to us for its strong brand, healthy balance sheet, robust land bank, and resilient investment property portfolio. As a whole, we undertook purchases in real estate, consumer discretionary, and health care by sector, and in Brazil and India by market.
At the market level, we reduced holdings in China and South Korea.
Major stock contributors to TEMIT’s performance relative to the benchmark MSCI Emerging Markets Index included internet companies Tencent in China and Naver in South Korea, as well as chip maker Taiwan Semiconductor Manufacturing Company (TSMC).
Looking across sectors, an overweight and stock selection in communication services, stock selection in financials, and an overweight in information technology bolstered relative returns. In market terms, stock selection in both Taiwan and China, together with stock selection and an underweight in India, drove relative strength.
In contrast, key stock detractors from relative performance included car maker Brilliance China Automotive, South Korea-based semiconductor and consumer electronics company Samsung Electronics, and Brazilian lender Itau Unibanco.
At the sector level, stock selection in consumer discretionary was the main drag on relative returns. From a market perspective, an overweight and stock selection in Brazil and an overweight in Russia weighed on relative results.
A key contributor to EM equities’ performance in 2020 was their exposure to fast-growing technology-centric companies, and this driver has extended into the start of 2021. EMs have broadly shifted away from an old-economy model that relies largely on commodities and now lean heavily on a new-economy model fuelled by technology and innovation.
Digital disruption is a trend that we have been monitoring closely. We have seen a proliferation of online consumers, devices, and enterprises, and we expect cloud computing, the Internet of Things, fifth generation wireless technology (5G) and other applications to feed demand for semiconductors and other technology products.
We also seek to capture longer-term investment opportunities from growing consumer penetration and a “premiumisation” of buying patterns in EMs.
Looking ahead, we believe that the earnings outlook for EM companies is likely to depend on a range of factors such as global health care outcomes, the pace of economic reopenings, and geopolitics (including US-China and US-Russia relations).
Securities - Largest Contributors | Sector | Country | Total Effect (%) |
---|---|---|---|
Taiwan Semiconductor manufacturing co ltd | Information Technology | Taiwan | 2.27 |
Naver Corp | Communication Services | South Korea | 1.89 |
Samsung Electronics Co Ltd | Information Technology | South Korea | 1.78 |
Tencent Holdings Ltd | Communication Services | China | 1.10 |
Yandex Nv | Information Technology | Russia | 0.83 |
Securities - Largest Detractors | Sector | Country | Total Effect (%) |
---|---|---|---|
Meituan | Consumer Discretionary | China | -0.87 |
Nio Inc | Consumer Discretionary | China | -0.65 |
Jd.Com Inc | Consumer Discretionary | China | -0.60 |
Pinduoduo Inc | Consumer Discretionary | China | -0.53 |
Xiaomi Corp | Information Technology | China | -0.41 |
Sector | Total Effect (%) |
---|---|
Financials | 2.18 |
Real Estate | 0.28 |
Industrials | 0.13 |
Energy | 0.08 |
Health Care | 0.00 |
Cash & Other Net Assets | -0.01 |
Utilities | -0.02 |
Materials | -0.42 |
Consumer Staples | -0.59 |
Communication Services | -0.83 |
Country - Largest Contributors | Total Effect (%) |
---|---|
India | 0.87 |
South Korea | 0.77 |
Saudi Arabia | 0.33 |
Taiwan | 0.24 |
Thailand | 0.23 |
Country - Largest Detractors | Total Effect (%) |
---|---|
China | -3.09 |
United Kingdom | -0.55 |
Russia | -0.20 |
Kenya | -0.11 |
South Africa | -0.06 |
1 year | 3 years | |
---|---|---|
Alpha [further-information] | -0.85 | 1.52 |
Beta [further-information] | 1.15 | 1.13 |
Annualised Downside |
3.65 | 2.66 |
Information Ratio |
0.16 | 0.51 |
R2 [further-information] | 96.10 | 94.69 |
Sharpe Ratio [further-information] | 0.71 | 0.47 |
Annualised Tracking |
5.16 | 4.26 |
Annualised |
22.06 | 16.71 |
Positive Months [further-information] | 9 | 21 |
Negative Months [further-information] | 3 | 15 |
Source: Franklin Templeton Investments. Performance details are in sterling, include reinvested dividends net of basic rate UK tax and are net of management fees. Sales charges and other commissions, other taxes and relevant costs to be paid by an investor are not included in the calculations. Performance figures are not based on audited financial statements and, unless indicated otherwise, assume reinvestment of interest and dividends. References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. An index is unmanaged and one cannot invest directly in an index. The performance of the index does not include the deduction of expenses and does not represent the performance of any Franklin Templeton fund.
Data from third party sources may have been used in its preparation and Franklin Templeton Investments has not independently verified, validated or audited such data.
Attribution-related data provided by FactSet as at 31/12/2020. Relative attribution refers to the MSCI Emerging Markets Index in sterling terms.
Pricing data provided by Financial Express Limited.
© 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Prices shown are the closing price on the date shown and will vary throughout the day. Please check with your broker/financial adviser for details of all charges and the current price.
Past performance is not an indicator of future performance. The value of investments may go down as well as up and you could get back less than invested. Source: Financial Express.
Ex dividend date | Pay date | Dividend per share |
---|---|---|
- | - | - |
Dividends are not guaranteed. From 1 April 2017, 70% of the annual Alternative Investment Fund Manager (AIFM) fee and 70% of the costs of borrowing will be allocated to the capital account. While this will boost TEMIT’s revenue it will reduce capital returns.
This website is intended to be of general interest only and does not constitute legal or tax advice nor is it an offer for shares or invitation to apply for shares of the Templeton Emerging Markets Investment Trust (TEMIT). Nothing in this website should be construed as investment advice. Opinions expressed are the author's at publication date and they are subject to change without prior notice. Subscriptions to TEMIT can only be made on the basis of the latest available audited TEMIT annual report and TEMIT half-yearly report if published thereafter.
The value of shares in TEMIT and income received from it can go down as well as up, and investors may not get back the full amount invested. Past performance is not an indicator or a guarantee of future performance. Currency fluctuations may affect the value of overseas investments. When investing in a fund denominated in a foreign currency, your performance may also be affected by currency fluctuations. An investment in TEMIT entails risks which are described in the TEMIT annual report. In emerging markets, the risks can be greater than in developed markets. Investments in derivative instruments entail specific risks more fully described in the TEMIT annual report.
US Persons are not eligible to invest in TEMIT. Shares of the TEMIT are available for sale and distribution in the UK. Any research and analysis contained in this website has been procured by Franklin Templeton Investments for its own purposes and is provided to you only incidentally. References to particular industries, sectors or companies are for general information and are not necessarily indicative of TEMIT's holding at any one time.
References to indices are made for comparative purposes only and are provided to represent the investment environment existing during the time periods shown. An index is unmanaged and one cannot invest directly in an index. The performance of the index does not include the deduction of expenses and does not represent the performance of any Franklin Templeton fund.
MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.
There is no guarantee that TEMIT will achieve its objective. Please consult your financial adviser before deciding to invest. You can download a copy of the latest TEMIT annual report and TEMIT half-yearly report, or request one, free of charge, from Franklin Templeton Investment Management Limited, Cannon Place, 78 Cannon Street, London EC4N 6HL. Authorised and regulated by the Financial Conduct Authority. Telephone: 0800 305 306, Email: enquiries@franklintempleton.co.uk.
Chetan Sehgal,
Singapore (Lead Portfolio Manager)
Andrew Ness,
Edinburgh (Portfolio Manager)