Templeton Frontier Markets W GBP

Invests in companies listed on stock exchanges of frontier countries.

  • 1546.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.25%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.71%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 15 January 2021

The fund is managed by the Templeton Frontier Markets team under the oversight of Dr Mark Mobius, who is responsible for strategy. The benchmark and portfolio is currently dominated by Africa and the Middle East, although the fund's investable universe consists of some 1400 companies. Frontier markets are smaller, less developed and less liquid than mainstream emerging markets, therefore the fund should be treated as a high risk investment.

Fund summary

Sector
Structure OFFSHORE FUND
Launched May, 2012
Size £0m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.25%
Ongoing charges figure 1.71%

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Investment process

The Fund aims to achieve long-term capital appreciation by investing principally in transferable equity securities of companies incorporated and/or having their principal business activities in the frontier markets countries across the market capitalisation spectrum. Frontier market countries include Argentina, Bahrain, Kazakhstan, Kuwait, Nigeria, Pakistan and Vietnam. The MSCI Frontier Market Index consists of 26 countries. The managers believe that frontier markets have the same development potential as emerging markets 15-20 years ago. The bottom up investment process for this fund is very similar to that of the flagship Templeton Emerging Markets fund and includes identifying stocks that are potential bargains on a five year view, performing in-depth fundamental analysis, conducting a review of competing stocks in the sector and portfolio construction.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 2.17%
  • 18/19 -0.63%
  • 19/20 0.44%
  • 20/21 0.44%

Bestinvest MRI

  • 3 years 0.08%
  • 5 years 0.00%
  • Career 1.34%
  • 3 years 50.00%
  • 5 years 0.00%
  • Career 99.60%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

hardenberg / Haglund / Awny

Hardenberg, David Haglund and Ahmed Awny are part of Templeton’s EMEA (Emerging Europe, Middle East and Africa) team, which consists of six members. Additionally Dr. Mark Mobius (Head of Emerging Markets) is responsible for strategy implementation decisions. Hardenberg is based in Turkey and is the senior member of the team and has been with Templeton since 2003 and joined the industry in the industry 2000. Both Haglund and Awny are based in the United Arab Emirates and joined the industry in 2004 and 2007 respectively. As is Templeton’s policy all Templeton’s portfolio managers are also analysts. The Templeton Frontier Markets Fund is managed by the Templeton Emerging Markets Equity Group, which has 28 members and an average of 12 years of industry experience (2011).

Track record

Hardenberg / Haglund / Awny has 4.3 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +1.34%. During the worst period of relative performance (from March 2011 - November 2011) there was a decline of 11% relative to the index. The worst absolute loss has been 20%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -20.00% (March 2011 - November 2011)
Relative -11.00% (March 2011 - November 2011)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Portfolio

Approx. 120 stocks.

Key Investor Information

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