One year on from taking over the Templeton Emerging Markets Investment trust (TEMIT), and amid a volatile 2018 for emerging markets, manager Chetan Sehgal said the portfolio and team are almost where he wants to be after a "trial by fire" first year.
Sehgal took over management of the trust on 1 February 2018, in advance of the 31 March 2018 departure of long-serving managers Mark Mobius and Carlos Hardenberg. Since then, the portfolio has outperformed the IT Global Emerging Markets sector to 25 March, having initially seen losses of as much as 10.6% in the months up to 11 October; the trust, as well as its sector, suffered during the 2018 volatility of global emerging markets amid trade tensions between the US and China. Trade wars - should you pick a side? TEMIT has since recovered, posting a return of 3% from 31 March 2018...
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