TEMPLETON EMERGING MARKETS FUND $25.25 (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 (58.8%), Europe (19.1%), Latin America (18%) and the Middle East and Africa (4.1%). Asian country allocations are China (17%), South Korea (9.3%), Turkey (8.8%), Thailand (7.8%), India (5.3%), Taiwan (4.8%), Pakistan (2.4%), Hong Kong (1.8%) and Indonesia (1.6%). Europe comprises Russia (8.8%), Hungary (4.7%), Poland (3.1%), Austria (1.3%) and Sweden (1.2%). Latin America includes Brazil (15.2%) and Mexico (2.8%). The African country is South Africa (4.1%).
Templeton Emerging Market Fund’s top holdings are Aluminium Corp. of China at 6.4%; Cia Vale Do Rio Doce (Brazil-based metals and mining), 4.8%; Petrobras (Brazilian energy), 4.3%; Akbank (Turkish bank), 4.2%; Petrochina (energy), 4.1%; SK Energy (Korean energy and chemicals), 2.6%; Banco Bradesco (Brazilian bank), 2.5%; Lukoil (Russian energy), 2.4%; Remgro (South African conglomerate), 2.4%; and Norilsk Nickel (Russian metals and mining), 2.4%.
Templeton Emerging Markets Fund sells for a 10% discount from the current value of its assets.
Templeton Emerging Markets Fund is a buy.
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