The Templeton Emerging Markets Investment trust (TEMIT) is positioning itself to capture a "widespread recovery" in emerging markets equities in the second half of 2018, as Franklin Templeton's £1.9bn investment company sets about "rebuilding the team".
Martin Currie's Andrew Ness joined TEMIT as a portfolio manager last week, to serve alongside lead manager Chetan Sehgal following the departure of long-standing managers Mark Mobius and Carlos Hardenberg,...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow