New TEMIT Manager Bullish on Tech Stocks

Franklin Templeton's Chetan Sehgal expects emerging market equity momentum to continue in the second half of the year despite potential headwinds

Franklin Templeton Investments 30 May, 2018 | 8:07AM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors.

Moscow, Russia contrarian investing break away from the pack

Given the strong recovery witnessed in 2017, many investors wonder if emerging market equities have further room to run in 2018. The asset class saw a record inflow of $80 billion in 2017, and valuations are currently at a seven-year high since 2010, at 14.7x price-to-earnings, and 1.8x price-to-book ratio as at end December 2017.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alibaba Group Holding Ltd ADR195.71 USD4.59
Sberbank of Russia PJSC185.64 RUB0.00
Templeton Emerging Mkts Invmt Tr TEMIT663.00 GBX2.47
Tencent Holdings Ltd381.40 HKD1.33
Yandex NV Shs Class-A-2,520.00 RUB0.00

About Author

Franklin Templeton Investments  is one of the world's largest asset management groups, offering UK investors a range of over 80 funds across different market sectors.

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