Bestinvest says
The open-ended (OEIC) Templeton Emerging Markets Fund is similar to the London-listed closed-ended Templeton Emerging Markets Investment Trust (LSE:TEM) run by the same manager.
The fund's objective is to provide long-term capital appreciation for its investors through investment in companies operating in emerging markets or whose stocks are listed on the stockmarkets of such countries.
The approach has historically been value oriented, but dividend yield has become a much more important facet, as has good corporate governance. Country breakdown is largely derived through bottom up stock selection, although the local macro economic / currency outlook and the political backdrop are also factors that will be considered. The value approach can imply a contrarian style, where preferred stocks are bought on setbacks.