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Templeton Emerging Markets Fund (EMF) |
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WIKI ANALYSIS
Templeton Emerging Markets Fund, Inc. (EMF)
Closed-end investment companies like the Templeton Emerging Markets Fund, Inc. do not continuously offer shares to the public. Growth results from market appreciation, which benefits its shareholders. The World Wide dispersion that results from global diversification, reduces volatility, which gives the shareholder greater safety.
The fund is managed by Dr Mark Mobius, who is the spokesman for the fund, and investing in Emerging Markets in general. The fund gives management the freedom to buy anything, anywhere that comes up.
The Fund seeks long-term capital appreciation by investing primarily in emerging country equity securities. [1] The fund is a value-oriented, long-term, buy-and-hold vehicle in line with the Templeton investment philosophy. Management can influence the net asset value, but this is not of great concern to investors.
Wealth is shifting from the developed countries to the emerging, and frontier economies, in which Templeton Emerging Markets Fund, Inc. invests. These companies tend to be under-researched, and not so readily available to normal investors.
Templeton Emerging Markets Fund, Inc. employs a bottom-up, approach looking at the company’s potential for earnings and growth over a five-year horizon. And considering the company’s position in its sector, the economic framework, and political environment. Templeton Emerging Markets Fund, Inc. low portfolio turnover, is an indication of the confidence management has in its investments.
Templeton Emerging Markets Fund, Inc. distributes essentially all of its realized income, and capital gains to shareholders each year. Earnings may be retained automatically, using the funds reinvestment, and cash purchase plan. [2] When comparing the results of this closed-end company, to companies that retain earnings. Both securities should have all distributions reinvested, and compounded to compare results fairly.
By providing capital and encouraging capitalism in emerging economies, Templeton Emerging Markets Fund, Inc. impacts countries in ways similar to the World Bank. The only other company like Templeton Emerging Markets Fund, Inc. on the NYSE is the Morgan Stanley Emerging Markets Fund (MSF), which trades around the MSCI Emerging Markets Free Index, which Morgan Stanley also manages. [1]
Shares of Templeton Emerging Markets Fund, Inc. are traded on the New York Stock Exchange under the ticker symbol “EMF.” [2]
Mark Mobius "World Outlook 2010," [3]
Templeton Emerging Markets Fund, Inc., 100 Fountain Parkway, P.O. Box 33030, St. Petersburg, FL 33733-8030. [3]
References
- ↑ Templeton Emerging Markets Fund, Inc. Prospectus 1/27/1987
- ↑ Templeton Emerging Markets Fund, Inc. Semiannual Report February 28, 2010 pg22
- ↑ Templeton Emerging Markets Fund, Inc. Semiannual Report February 28, 2010
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