- Dependably core – focusing on quality companies across the market cap spectrum.
- No investment style bets – opportunity driven approach across emerging markets universe.
WHY INVEST IN THIS FUND
Finding opportunity across emerging markets - beyond the index
Templeton Emerging Markets Fund
The Templeton Emerging Markets Fund is a core emerging markets building block, built on ideas, not just the index. We seek quality opportunities across emerging markets without growth bias. Powered by local specialists on the ground across emerging markets with deep research coverage and global scale.
Morningstar Overall Rating1
Global Emerging Markets Equity
As of 31/03/2026
★★★★
A (Ydis) USD
Core emerging markets building block.
Ideas first. Opportunities beyond the index.
- 29% of the portfolio (in % of total weight) is invested in holdings not held by any of the top peer funds at the time of measurement.2
- The fund has demonstrated strong long-term performance.
Local specialists. Real insights.
- Strong local footprint with 100+ investment professionals in 17 countries worldwide.
- Deep local research capabilities with 1,200+ companies covered globally, including 700+ across the emerging markets.3
Consistent long-term performance
- Discrete annual performance
- Annualised performance
Discrete annual performance
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
Net Returns (NR) include income net of tax withholding when dividends are paid.
MSCI Emerging Markets Index-NR reflects performance of the MSCI Emerging Markets Index (gross returns) from fund inception through 31/12/2000 and the MSCI Emerging Markets Index-NR thereafter.
Effective April 1, 2016, class B shares are closed to new investment and additional investment from existing holders.
Source for performance figures - Franklin Templeton. NAV to NAV, with gross income reinvested without initial charges but reflecting annual management fees. Sales charges, taxes and other locally applied costs have not been deducted, had they been deducted performance results would be lower. See the KID or prospectus for maximum sales charge information, if any. Investment return and principal value of an investment in the Fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Cumulative returns and returns of less than one year are not annualized.
Annualised performance
The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
Net Returns (NR) include income net of tax withholding when dividends are paid.
MSCI Emerging Markets Index-NR reflects performance of the MSCI Emerging Markets Index (gross returns) from fund inception through 31/12/2000 and the MSCI Emerging Markets Index-NR thereafter.
Effective April 1, 2016, class B shares are closed to new investment and additional investment from existing holders.
Source for performance figures - Franklin Templeton. NAV to NAV, with gross income reinvested without initial charges but reflecting annual management fees. Sales charges, taxes and other locally applied costs have not been deducted, had they been deducted performance results would be lower. See the KID or prospectus for maximum sales charge information, if any. Investment return and principal value of an investment in the Fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Cumulative returns and returns of less than one year are not annualized.
HOW WE INVEST
We follow ideas, not the index
Only the strongest ideas make it into the portfolio, with risk managed at every step.
Valuation with discipline
- We invest in attractively valued emerging markets companies, not short-term trends.
- A disciplined core approach keeps style and risk consistent across market cycles.
- Careful stock selection at the right price drives long-term returns.
Global research, shared conviction
- Local analysts cover 1,200+ stocks globally, sharing ideas across the team.
- Two dedicated portfolio managers focus solely on building the portfolio, typically consisting of 60–80 positions.
- Only the strongest, high-conviction ideas are included – both managers must agree.
Managing risk with intent
- Deliberate diversification across regions and investment styles to manage risk.
- A long-term approach to avoid short-term market noise and emotional decisions.
- A strong sell discipline to avoid value traps.
Global platform. Local insight.
We draw on an established global equity platform to uncover opportunities across emerging markets. The team combines decades of experience navigating varied market cycles with deep regional expertise. Our research offices around the world provide on-the-ground insight and in-depth understanding of local industries and sectors, enabling access to a broad range of investment opportunities across the market.
Franklin Templeton launched one of the first dedicated emerging markets equity funds for retail investors in 1987."
MEET THE TEAM
Experienced emerging markets specialists³
Led by Chetan Sehgal and Andrew Ness, the strategy draws on the depth and scale of Templeton Global Investments’ global platform, with over 35 years of emerging markets expertise.
Chetan Sehgal
Senior Managing Director, Director of Portfolio Management, Singapore
• Managed fund since 2017
• 33 years of experience
Chetan joined Franklin Templeton in 1995 and oversees our global emerging markets and small-cap strategies.
Andrew Ness
Managing Director Global Emerging Markets, Edinburgh
• Managed fund since 2019
• 31 years of experience
Andrew is a seasoned investor with over two decades of experience as an emerging markets equity portfolio manager.
Templeton Global Investments⁴
100+
investment professionals
22
investment office locations
42bn USD
in EM strategies
(of 76bn USD total amount)
700+
coverage of emerging markets companies
35+
years investing in emerging markets
Resources
Discover more about the Templeton Emerging Markets Fund.
FAQs
Investing in emerging markets
Emerging markets – economies such as China, India, Brazil, Taiwan and South Korea – are home to many world-class companies shaping the modern economy, from semiconductor leaders and electric vehicle manufacturers to digital platforms and financial services groups. They offer exposure to dynamic regions playing an increasingly important role in global growth.
The Fund offers diversified exposure to emerging markets opportunities through a high-conviction approach focused on quality companies with durable growth potential. We invest beyond benchmark weights, combining deep local research with rigorous valuation to build a consistent, core portfolio.
The Fund is designed as a core emerging markets building block for investors seeking long-term capital growth. It may suit those looking for a diversified portfolio constructed through disciplined, research-driven investing.
Footnotes:
- Morningstar ratings are applied at share class level, which means that each share class requires 36 monthly returns before it will be awarded a rating. Source: © 2026 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
- Source: Morningstar, as of quarter end or most recent holdings available. Top peers are based on top ten active funds (not index or enhanced index) in the Morningstar Global Emerging Markets category by AUM. All holdings are subject to change. Holdings of the same issuers have been combined, unless otherwise noted.
- Source: Franklin Templeton Investments. As of 31/03/2026.
- Source: Franklin Templeton Investments. As of 31/03/2026 unless otherwise stated.
Investment overview
To seek long-term investment growth, mainly through growth of capital. The Fund mainly invests in equities of companies of any market capitalisation that are located in, or derive significant business from, emerging markets, including China.
What are the key risks?
The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments. There is no guarantee that the Fund will meet its objective. The Fund invests mainly in the equity and equity-related securities of emerging markets around the world that have historically been subject to significant price movements, frequently to a greater extent than equity markets globally. As a result, the performance of the Fund can fluctuate significantly over relatively short time periods. Risks materially relevant not adequately captured by the indicator:
Emerging markets risk: the risk related to investing in countries that have less developed political, economic, legal and regulatory systems, and that may be impacted by political/economic instability, lack of liquidity or transparency, or safekeeping issues.
Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
Chinese Market risk: In addition to typical risks linked to Emerging Markets, investments in China are subject to economic, political, tax and operational risks specific to the Chinese Market. Please also refer to the prospectus for China QFII risk, Bond Connect risk and Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.
Important Legal Information
This fund meets the requirements under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR); the fund has binding commitments in its investment policy to promote environmental and/or social characteristics and any companies in which it invests should follow good governance practices.
Further information in relation to the sustainability-related aspects of the Fund can be found at franklintempleton.lu/SFDR. Please review all of the fund's objectives and characteristics before investing.
This material is intended to be of general interest only and should not be construed as investment advice. It does not constitute legal or tax advice and it is not an offer for shares or an invitation to apply for shares of the Luxembourg-domiciled SICAV Franklin Templeton Investment Funds (the "Fund” or “FTIF"). For the avoidance of doubt, if you make a decision to invest, you will be buying units/shares in the fund and will not be investing directly in the underlying assets of the fund.
Franklin Templeton (“FT”) provides no guarantee or assurance that the Fund’s investment objective will be attained. The value of shares in the Fund and income received from it can go down as well as up, and investors may not get back the full amount invested. Past performance does not predict future returns. Currency fluctuations may cause the value of a Fund’s investments to diminish or increase.
FT shall not be liable to any user of this document or to any other person or entity for the inaccuracy of information or any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission. Any opinions expressed are the author's at publication date and they are subject to change without prior notice. Any research and analysis contained in this material has been procured by FT for its own purposes and is provided to you only incidentally. Data from third party sources may have been used in the preparation of this document and FT has not independently verified, validated or audited such data.
No shares of the Fund may be directly or indirectly offered or sold to residents of the United States of America. Shares of the Fund are not available for public distribution in all jurisdictions and prospective investors, who are not financial professionals, should consult their financial advisor before deciding to invest. The Fund may use financial derivatives or other instruments which may entail specific risks more fully described in the Fund's Documents.
Subscriptions to shares of the Fund should only be made on the basis of the Fund’s current Prospectus, and, where available, the relevant KID, accompanied by the latest available audited annual report and the latest semi-annual report if published thereafter. These documents can be found on our website at www.franklinresources.com/all-sites, obtained, free of charge, from your local FT representative or can be requested via FT's European Facilities Service which is available at www.eifs.lu/franklintempleton. The Fund's documents are available in English, Arabic, French, German, Italian, Polish and Spanish.
In addition, a Summary of Investor Rights is available from www.franklintempleton.lu/summary-of-investor-rights. The summary is available in English.
The sub-funds of FTIF are notified for marketing in multiple EU Member States under the UCITS Directive. FTIF can terminate such notifications for any share class and/or sub-fund at any time by using the process contained in Article 93a of the UCITS Directive.
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Indices are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI Dow Jones Indices LLC.
Net Returns (NR) include income net of tax withholding when dividends are paid.
Issued in Luxembourg by Franklin Templeton International Services S.à r.l.