Templeton Developing Markets ATEDMX

Morningstar Rating

Fund Research and Analysis

by Karin Anderson

Despite tantalizing gains, investors should pass on Templeton Developing Markets.

Managers Mark Mobius, Dennis Lim, and Tom Wu lead the portfolio construction efforts here, and they are supported by a large squad of analysts located in several emerging-markets countries. Read more

Kudos

Sticks with its strict value discipline through thick and thin.

Lead manager is one of the most experienced in the emerging-markets field. Read more

Risks

Can lag by wide margins when high-priced growth stocks lead the way.

Like all emerging-markets funds, it's susceptible to steep losses.

Expenses are high, given the fund's large asset base. Read more

Strategy

Mark Mobius, Tom Wu, and Dennis Lim are buy-and-hold investors who focus on firms that appear cheap relative to their assets or relative to their long-term earnings. They are willing to make significant sector and country bets at times. Read more

Management

Lead manager Mark Mobius is a veteran of emerging-markets investing. He has been running this fund since 1991 and has run a similar closed-end fund, Templeton Emerging Markets EMF, since 1987. Mobius is supported by comanagers Tom Wu and Dennis Lim, as well as a large analyst staff that is spread across the globe. Read more

Inside Scoop

This fund has a very experienced lead manager in Mark Mobius. He and his team tend not to move quickly or waver from their deep-value strategy. The fund's expense ratio is high, especially considering how large its asset base is. Read more

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