Sector: Financials | Industry: Investment Management & Fund Operators |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 300 SE 2nd St FORT LAUDERDALE FL 33301-1923 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Gregory E. Johnson Chairman of the Board of Trustees, Vice President | Manraj S. Sekhon President, Chief Executive Officer - Investment Management | Jeffrey W. White Chief Financial Officer, Chief Accounting Officer, Treasurer |
Christopher Kings Chief Executive Officer - Finance and Administration | Ted P. Becker Chief Compliance Officer | Navid J. Tofigh Vice President, Company Secretary | Susan Kerr Vice President - AML Compliance |
Business Overview |
Templeton Emerging Markets Fund (the Fund) is a closed-end management investment company. The Fund seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in emerging country equity securities. The Fund's investment strategy employs a bottom-up, research-driven approach focused on identifying long-term earnings power at a discount to intrinsic value. The Fund invests in various geographical regions, such as Asia, Latin America and Caribbean, North America, Europe, and Middle East and Africa. The Fund invests in various countries, including China, South Korea, Taiwan, India, Brazil, United States, Thailand, Mexico, Hong Kong and United Kingdom. The Fund has invested in various companies, such as Taiwan Semiconductor Manufacturing Co. Ltd., Samsung Electronics Co. Ltd., ICICI Bank Ltd., Alibaba Group Holding Ltd., NAVER Corp. and Samsung Life Insurance Co. Ltd. The Fund's investment manager is Templeton Asset Management Ltd. |
Financial Overview |
For the fiscal year ended 31 August 2023, Templeton Emerging Markets Fund Inc revenues decreased 1% to $8.6M. Net income totaled $16M vs. loss of $84.8M. Revenues reflect Unaffiliated issuers decrease of 7% to $8M. Net Income reflects Unreal. G/L Investment increase from $104.8M (expense) to $9.7M (income), Foreign currency transactions decrease of 96% to $8K (expense), Deferred Tax decrease of 75% to $15K (expense). |