TEMPLETON EMERGING MARKETS FUND $7.87 - New York symbol EMF

TEMPLETON EMERGING MARKETS FUND $7.87 (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. Although volatile, the fund gives investors access to countries like Brazil, China, India and others that still have strong growth prospects. The $187.6-million fund’s regional allocation is heavily weighted toward Asia (63.1%), followed by Latin America, (21.5%) and Europe (15.4%). Within Asia, the fund is allocated as follows: China (15.9%), Turkey (10.6%), Thailand (7.6%), India (7.6%), South Korea (5.7%), Taiwan (5.6%), Hong Kong (5.4%), Indonesia (3.1%) and Pakistan (1.9%). Europe comprises Russia (8.1%), the U.K. (2.5%), Hungary (2.0%), Sweden (1.4%) and Austria (1.3%). Latin American holdings comprise Brazil (19.4%) and Mexico (2.1%). Templeton Emerging Market Fund’s top holdings are Petrobras (a Brazilian energy firm), 6.4%; Cia Vale Do Rio Doce (Brazil: metals and mining), 5.6%; Petrochina (China: oil & gas), 5.1%; Akbank (Turkey: bank), 4.3%; Banco Bradesco (Brazil: bank), 3.5%; Dairy Farm International (Hong Kong: retailer), 3.5%; Denway Motors (China: automobiles), 2.9%; Turkcell Iletisim Hizmetleri A.S. (Turkey: wireless telecommunications), 2.9%; SK Energy (South Korea: energy), 2.7%; and Taiwan Semiconductor (computer chips), 2.5%. Templeton Emerging Markets Fund sells for an 8% discount to the current value of its assets. Templeton Emerging Markets Fund is a buy .

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