Edison Investment Research Limited
Edison issues Update on Templeton Emerging Markets IT (TEMIT) – Under-owned, undervalued & under-appreciated.

13-Dec-2023 / 16:55 GMT/BST
The issuer is solely responsible for the content of this announcement.


London, UK, 13 December 2023


Edison issues Update on Templeton Emerging Markets IT (TEMIT) –Under-owned, undervalued & under-appreciated.

Templeton Emerging Markets Investment Trust’s (TEMIT’s) co-managers Chetan Sehgal (lead manager) and Andrew Ness consider that the case for emerging markets is not well understood. Hence, they believe that the regions remain under-owned, undervalued and under-appreciated, which provides an interesting opportunity for global investors. There are several powerful trends supporting the superior economic growth prospects of emerging markets versus those in developed regions, including demographics, urbanisation, higher consumption and technological innovation. Emerging markets also remain relatively attractively valued. TEMIT’s performance versus the MSCI Emerging Markets Index troughed in April 2022 and is in a steadily improving trend. The trust’s results tend to be better when investors focus on company fundamentals, which drive equity returns over the long term, rather than considering near-term macroeconomic events.

As a result of economic uncertainty and macroeconomic events in recent years, investor risk aversion is elevated. This is reflected in TEMIT’s double-digit 13.3% discount, which is wider than the trust’s historical averages. There is significant scope for TEMIT to be afforded a higher valuation if investors become more interested in the positive growth and valuation attributes of emerging markets and/or the trust’s relative performance continues to improve.

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About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached – across institutions, family offices, wealth managers and retail investors – Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

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1796417  13-Dec-2023