Templeton Emerging Markets Fund
EMF
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Rupert Harris Johnson Jr.
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7 Temasek Boulevard Singapore DE United States of America 038987
- IPO Date
- Feb 26, 1987
- CIK
- 0000809708
- Website
- franklintempleton.com
- Similar Companies
- Business
- Templeton Emerging Markets Fund, Inc. (NYSE: EMF) is a closed-end equity mutual fund managed by Templeton Asset Management Ltd., a subsidiary of Franklin Resources, Inc., that seeks long-term capital appreciation through investments primarily in emerging market equities. Under normal market conditions, the fund invests at least 80% of its total assets in equity securities of emerging market countries worldwide, including common and preferred stocks, debt securities convertible into common stock, and common stock purchase warrants; it employs a value-oriented approach using fundamental analysis focused on factors such as long-term earnings potential, asset value, and cash flow to select diversified holdings across sectors like semiconductors, banks, technology hardware, consumer discretionary, and media. The portfolio typically comprises around 86 issuers, with significant allocations to large-cap companies (over 50 billion in market cap), Asia (primarily China, India, and Taiwan), and benchmark-relative overweightings in semiconductors and underweightings in materials; it benchmarks performance against the MSCI Emerging Markets Index. The fund trades on the New York Stock Exchange and is available to retail and institutional investors seeking exposure to emerging markets, which carry heightened risks including currency fluctuations, political uncertainties, and volatility magnified in these regions. Launched in 1987 and administered from Fort Lauderdale, Florida, with portfolio management from Singapore and the United Kingdom, the fund operates globally with a focus on emerging economies across Asia, Latin America, Europe, Africa, and the Middle East. In recent strategic developments, the fund's Board of Trustees approved key initiatives effective in 2025 to narrow the discount to net asset value and enhance shareholder value, including a five-basis-point reduction in the investment management fee (e.g., from 1.100% to 1.050% on net assets up to $1 billion), implementation of a managed distribution plan providing quarterly distributions of $0.22 per share (first payment around March 31, 2025, yielding approximately 4.53% at NAV), and an open-market share repurchase program authorizing purchases of up to 10% of outstanding common shares.