Fund manager and team
		Fund objective
		Investment style and process

The Templeton Emerging Markets fund launched in February 2008. This is the first time that an Australian domiciled unit trust has been offered for Australian investors to access the expertise of the Templeton Emerging Markets team.

Templeton are pioneers in Emerging Market investing and became one of the first managers to establish its own dedicated emerging markets team in 1987.

Fund manager and team

The Fund is managed by Mark Mobius, Ph.D., a leader in emerging markets investing with over 40 years of experience. He is supported by the Templeton Emerging Markets equity team consisting of 55 investment professionals including 33 dedicated emerging markets portfolio managers and analysts located in 13 offices around the world. The team represents 20 nationalities, speaking 18 languages.

Fund objective

The Fund's investment objective is to seek long-term capital growth by investing primarily into securities of companies located in emerging markets globally. The fund is denominated in AUD and benchmarked against the MSCI Emerging Markets Index AUD.

Investment style and process

Templeton employs a bottom-up value approach to emerging markets investing, with the conviction that this is the main way to add value for investors. Templeton has used this investment approach since 1940. Templeton's approach to the market is founded on three tenets: Value, Patience, and Bottom-Up stock selection.

Value : We seek companies trading at a substantial discount to what our research indicates the company may be worth.

Patience : Security prices can fluctuate more widely than underlying security values. In our opinion, market efficiencies should recognize and correct these security prices over time.

Bottom-Up : We identify value through rigorous fundamental analysis of a company's business to determine what we consider its economic worth to be based on future earnings potential, cash flow or asset value potential. Templeton's investment process involves five steps and is designed to add value for investors over the long term.