Templeton Emerging Markets Investment Trust - Neutral

FUND RESEARCH UPDATE: Rating moved to Neutral

Jeremy Beckwith 2 November, 2015 | 7:06AM
Facebook Twitter LinkedIn

Following a recent Morningstar Analyst Ratings meeting, Morningstar has moved Templeton Emerging Markets Investment Trust (TEM) from Under Review to Neutral. The fund’s rating was Under Review following the announcement that Dr Mark Mobius would be stepping down as lead manager. The fund will now be managed on a day-to-day basis by Carlos Hardenberg and Chetan Seghal, with Mobius regularly reviewing the portfolio with them. Both are experienced investors but not with a large-cap global emerging markets fund. In addition the Templeton Emerging Markets investment process is changing, and this fund will now be run on a more diversified and risk-conscious basis than previously. With a restructuring of the relationship between analyst and portfolio managers as well, there is too much change occurring on this fund to warrant a positive rating.

 - See the latest Morningstar fund rating news here.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Templeton Emerging Mkts Invmt Tr TEMIT168.00 GBX-0.24Rating

About Author

Jeremy Beckwith  is Director of Manager Research for Morningstar UK

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures