Templeton Emerging's NAV slides 9.26% in August

5th Sep 2011 12:57

Hong Kong/China and Brazil remain the preferred markets of choice of investment trust Templeton Emerging Markets.The company said that, as at the end of August, 25.6% of the value of its portfolio was in Chinese or Hong Kong quoted stocks, while Brazilian stocks accounted for 17.4% of net assets.The company's net asset value per share at the end of August stood at 628.67p, on an ex-income basis, down from 692.80p at the end of July.As for sector weightings, 25.9% of the company's total assets are accounted for by financial stocks, while energy stocks represent 21.7% of the net asset value. Consumer discretionary and Materials both check in at around the 17.5% mark, with Brilliance China Automotive the single biggest holding, accounting for 10.4% of net assets. Shares in the investment trust fell 16p to 571p in the morning session on Monday. --jh