Templeton Emerging Markets Investment Trust
Encyclopedia
Templeton Emerging Markets Investment Trust (TEMIT) (SEDOL
0882929, ISIN
GB0008829292) is the UK's largest global emerging markets investment trust
, capitalised at £1.8 billion, and is a constituent of the FTSE 250 Index
. It aims to find stocks that are cheaper than their "real value" and is not limited by market trends, country or industry sector. Since its launch on 12 June 1989, to 30 June 2010 the trust has produced Sterling annualised returns of 15.0% vs. 11.4% from its benchmark, the MSCI Emerging Markets Index.
The investment management is conducted by the UK subsidiary of Franklin Templeton Investments
, Franklin Templeton Investment Management Limited under Dr. Mark Mobius.
The general policy of the trust is to be fully invested and although the trust is primarily a vehicle for capital growth, the board's policy is to have a relatively full distribution of the company's revenues.
City of London 12.14%
Lazard Asset Management LLC Group 5.53%
Legal & General Investment Management 3.90%
Rensberg Sheppards 3.45%
Templeton Investment Plan 3.45%
SEDOL
SEDOL stands for Stock Exchange Daily Official List, a list of security identifiers used in the United Kingdom and Ireland for clearing purposes. The numbers are assigned by the London Stock Exchange, on request by the security issuer...
0882929, ISIN
ISIN
An International Securities Identification Number uniquely identifies a security. Its structure is defined in ISO 6166. Securities for which ISINs are issued include bonds, commercial paper, equities and warrants...
GB0008829292) is the UK's largest global emerging markets investment trust
Investment trust
An Investment trust is a form of collective investment found mostly in the United Kingdom. Investment trusts are closed-end funds and are constituted as public limited companies....
, capitalised at £1.8 billion, and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
. It aims to find stocks that are cheaper than their "real value" and is not limited by market trends, country or industry sector. Since its launch on 12 June 1989, to 30 June 2010 the trust has produced Sterling annualised returns of 15.0% vs. 11.4% from its benchmark, the MSCI Emerging Markets Index.
The investment management is conducted by the UK subsidiary of Franklin Templeton Investments
Franklin Templeton Investments
Franklin Resources Inc. is a holding company which, together with its subsidiaries, is referred to as Franklin Templeton Investments; it is an investment firm originally founded in New York in 1947 as Franklin Distributors, Inc. It is listed on the NYSE under the ticker BEN, in honor of Benjamin...
, Franklin Templeton Investment Management Limited under Dr. Mark Mobius.
The general policy of the trust is to be fully invested and although the trust is primarily a vehicle for capital growth, the board's policy is to have a relatively full distribution of the company's revenues.
Significant shareholders
As of 30 June 2010:City of London 12.14%
Lazard Asset Management LLC Group 5.53%
Legal & General Investment Management 3.90%
Rensberg Sheppards 3.45%
Templeton Investment Plan 3.45%