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Templeton Emrg. Share Discussion Threads
Showing 326 to 347 of 350 messages
|beautiful smooth chart|
|Up 40-50p this last week or so. Loverly juberly.|
|Up 10.5p today.|
Based on the NAV performance of UEM, over the last five years, we believe that it deserves
to be part of a core portfolio for investors not just looking at emerging markets but global
markets as well. The fund has persistently traded at a discount despite superior
performance vis-à-vis its peer group, which we believe is unwarranted.
Given the performance differential over the last five years, we would recommend a partial
switch from Templeton Emerging Markets (TEM) into Utilico Emerging Markets, even if UEM
was trading at parity and TEM was trading at a 12.7% discount. UEM is trading at a 9%
discount and the annualised outperformance that UEM has achieved vs. TEM over the last
five years is 9.2%, which supports our view that investors should switch into/buy UEM.|
|Since my last post, the "Line 2" I referred to has been convincingly breached in my opinion and the US Dollar Index (DXY) looks to be on a tear. It may even breach 100, which is a big round number I'd expect every Forex trading bot on the planet to pick up on.
The strengthening USD is not good for Emerging Markets. The BIS estimate there to be some USD 7 - 9 trillion carry trades loose in the World, and some of the participants still in those trades must now be starting to get twitchy. A not insignificant proportion of those funds will have found their way into markets in the Far East.
Anybody thinking about buying TEM right now should be keeping a watchful eye on the DXY. The stronger it becomes, the more likely we are to find out who's been swimming naked with USD-based leverage in Emerging Markets:
Personally, I'd stay well away for the time being. It looks like the 100 day EMA on TEM is about to breach the 200 day EMA to the downside, and this is never a good sign on the chart technical front alone.|
|Based on this chart:
... and this one:
... and a few other little factors such as the following, which bear added significance if "Line 2" in the above chart is convincingly breached this year:
... now is NOT the time to be considering a re-investment in TEM.|
|Now is the time I think to be considering re-investment in TEM.|
|This got an ambiguously positive write up in the Investors Chronicle last week and kis positive today Monday
Does any one else think this a good time for a long term buy and Thank you|
|Finally looking a lot stronger today|
|11% discount to NAV
Looking fairly cheap for the long term holder, once all the EM storm has blown over|
|Anyone know why TEM jumped 9.5p yesterday?|
|Anyone know why TEM jumped 9.5p yesterday?|
|Bought some of these today for the first time in a number of years. It's below it's average trading price of the last 3 years which I'm confident will be seen as a bargain in another 3 years.|
|Does this fund hold Rosneft shares?TIA|
|Looks like this is heading back to 600p|
|The solution - wrap it in Greece proof paper. It's an old one but still reads well.|
|Emergers looks very good value again. TEM is oversold... the time to buy was last week. Did you?
OK nor did I.. will have a look if Greek Government gets sorted.|
|Impending currency war could mess up Emerging Markets....
- also, TEM chart has drifted, and could be in the early stages of considerable retrace.
"As political rhetoric heats up, fears are mounting that a global currency war may escalate -- concerns explicitly expressed by the Brics countries -- Brazil, Russia, India, China and South Africa -- in a recent communiqué.
"Excessive liquidity from aggressive policy actions taken by central banks to stabilise their domestic economies have been spilling over into emerging economies," they wrote following a summit in India, "fostering excessive volatility in capital flows and commodity prices". In diplomatic speak, that's the equivalent of "knock it off". The implied threat -- particularly from Brazil -- is "or else".
Driving the point home, Brazil's President Dilma Rousseff reiterated the group's concerns to US President Barack Obama at meeting in Washington in April. "Expansionist monetary policies," she said, "ultimately lead to depreciation in the value of the currencies of developing countries, thus impairing growth outlooks."|
Turkey 4.9% of assets reported on 5 September this year.