TEMPLETON EMERGING MARKETS FUND $17.44 (New York symbol EMF; CWA Fund Rating: Speculative) is a closed-end fund that invests in equities from emerging economies. Franklin Templeton manages the fund.
Templeton Emerging Market Fund’s holdings are spread around the world. Despite its volatility, the fund gives investors access to countries like Brazil, China, India and others that still have strong growth prospects.
The $254.2-million fund’s largest holdings by country are: Brazil (16.6%), China (15.4%), Russia, (14%), Mexico (8.3%), South Africa (8.1%), India (7.3%) and South Korea (7.1%).
Templeton Emerging Market Fund’s top holdings are Petrobras (Brazil: energy), 3.8%; Petrochina (China: oil and gas), 3.5%; Gazprom (Russia: gas utility), 3.5%; Lukoil (Russia: oil and gas), 3.3%; Cia Vale Do Rio Doce (Brazil: metals and mining), 3.3%; China Mobile (China: wireless), 2.9%; America Movil (Latin America: wireless), 2.8%; Mobile TeleSystems (Russia: wireless telecommunications), 2.0%; Oil & Natural Gas Corp. (India: oil and gas), 1.9%; and Grupo Televisa SA (Mexico: television network), 1.8%.
Templeton Emerging Markets Fund is up 137% from its March 2009 low of $7.35. The fund sells for a 2% discount to the current value of its assets.
Templeton Emerging Markets Fund is a buy.
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