Emerging Market Trusts Going Cheap

Stifel has revealed that emerging market closed-end funds are trading at double digit discounts despite strong recent performance

Emma Wall 12 September, 2017 | 7:49AM
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Shanghai skyline emerging markets China

Emerging market closed-end funds have performed strongly over the past two years, but research firm Stifel thinks they have further to rally. Not only to prospects for emerging market trusts look positive, but several are trading at a discount, Stifel reveals, meaning you can pick up an attractive opportunity on the cheap.

Top performers JPM Emerging Markets (JMG) and Templeton Emerging Markets (TEM) have both delivered significant returns over the past 12 months, with the JPM trust up 25% and TEMIT gaining 35%. But both trusts are trading on double digit discounts.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Aberdeen Emerging Markets Ord707.00 GBX-1.26Rating
Genesis Emerging Markets Fund Ord870.00 GBX-0.11Rating
JPMorgan Emerging Markets Ord129.60 GBX-1.97Rating
Templeton Emerging Mkts Invmt Tr TEMIT178.47 GBX-2.79Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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