Return for the net asset value (NAV) on a total return basis. This compares favourably with the benchmark return of 5.9% from the MSCI Emerging Markets Index (Net Dividends) on a total return basis.
Annual Results 2024
TEMIT’s annual results provide extensive details on the company, including investment performance and returns up to 31 March 2024.
The report also details the company’s strategy, investment approach and market outlook, including updates from the Chairman and Portfolio Manager.
Key Highlights
7.9%
4.9%
Share price total return over the period.
23.4%
NAV total return over five years, 8.3% ahead of the benchmark index.
5.00p
Proposed total dividend per share of 5.00p per share, in line with last financial year. A commitment to at least maintain a minimum annual dividend of 5.00p for five years has also been announced.
2.0 billion
The Company has total net assets of over £2.0 billion and is the largest emerging markets investment trust in the UK.*
£200 million
A share buyback programme of up to £200 million, a new 5-year conditional tender offer and lower fees have been announced in a package of measures that aim to benefit shareholders.
Stewardship Report 2024
The company’s third Annual Stewardship Report is now available with case studies and real-life examples of our activity.
We believe that the Investment Managers are well positioned to deploy capital in emerging market equities to the benefit of Company shareholders. The Board believes that the measures announced above represent an even greater commitment over the next five years to underpin the returns to shareholders through dividends, a more aggressive buyback programme, a new conditional tender offer, and lower fees.”
Angus Macpherson
Chairman of Board
Annual Report
Full results are available in the Annual Report and Audited Accounts 2024