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Templeton Emerging Markets Fund Inc (N:EMF)

Business Focus: Investment Management & Fund Operators

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).