Templeton NAV concerns

By James Thorneley Templeton Emerging Markets' disappointing final results have led to calls for more drastic action from Mark Mobius, the trust's manager, and the board to narrow the discount and improve NAV growth. Over the year to 30 April the trust's NAV rose by 3.9% compared to a rise in the MSCI Emerging Markets Free index of 25.7%. This underperformance is reflected in the 21% discount on the trust. Carolyn Coke, investment trust analyst at Deutsche Bank, said: "Given the underperformance and slippage in the rating, the announcement of final results was the ideal opportunity for ...