TEMPLETON EMERGING MARKETS FUND $20.55 (New York symbol EMF; CWA Fund Rating: Speculative) is a closed-end fund that invests in equities from emerging economies. The fund’s manager is Franklin Templeton.
Templeton Emerging Market Fund provides broad geographic diversification. Although volatile, it provides access to fast-growing economies such as Brazil, China, India and others.
The $418.1 million fund’s regional allocation is Asia (58.9%), Europe (17.2%) and Latin America (23.9%).
Asian country allocations are China (16.1%), Thailand (8.4%), Turkey (8.2%), South Korea (7.9%), India (7.0%), Taiwan (3.9%), Hong Kong (3.0%), Indonesia (1.6%) and Pakistan (2.4%), Europe comprises Russia (9.8%), Poland (2.7%), Hungary (1.8%), Austria (1.5%) and Sweden (1.4%). Latin America includes Brazil (21.4%) and Mexico (2.5%).
Templeton Emerging Market Fund’s top holdings are Petrobras (Brazilian energy), 7.6%; Cia Vale Do Rio Doce (Brazil-based metals and mining), 6.6%; Aluminium Corp. of China at 4.6%; Petrochina (Chinese oil & gas), 4.1%; Akbank (Turkish bank), 3.4%; Banco Bradesco (Brazilian bank), 3.0%; Norilsk Nickel (Russian metals and mining), 2.9%; Sesa Goa (Indian iron ore mining), 2.7%; Gazprom (Russian gas utility), 2.7%; and CNOOC Limited (Chinese oil & gas), 2.6%.
Templeton Emerging Markets Fund sells for a 9% discount from the current value of its assets.
Templeton Emerging Markets Fund is a buy.
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