Newgate Capital Management buys $3,218,971 stake in Templeton Emerging Markets Income Fund (TEI)

Templeton Emerging Markets Income Fund (TEI) : Newgate Capital Management scooped up 5,434 additional shares in Templeton Emerging Markets Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 293,434 shares of Templeton Emerging Markets Income Fund which is valued at $3,218,971.Templeton Emerging Markets Income Fund makes up approximately 2.56% of Newgate Capital Management’s portfolio.

Other Hedge Funds, Including , Rmb Capital Management added TEI to its portfolio by purchasing 50,071 company shares during the most recent quarter which is valued at $549,279. Templeton Emerging Markets Income Fund makes up approx 0.04% of Rmb Capital Management’s portfolio. Shaker Financial Services added TEI to its portfolio by purchasing 29,255 company shares during the most recent quarter which is valued at $320,927. Templeton Emerging Markets Income Fund makes up approx 0.22% of Shaker Financial Services’s portfolio. Deschutes Portfolio Strategy sold out all of its stake in TEI during the most recent quarter. The investment firm sold 25,800 shares of TEI which is valued $279,672. Benjamin F. Edwards Company added TEI to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $5,370.

Templeton Emerging Markets Income Fund opened for trading at $10.94 and hit $11.04 on the upside on Monday, eventually ending the session at $10.96, with a gain of 0.27% or 0.03 points. The heightened volatility saw the trading volume jump to 75,087 shares. Company has a market cap of $515 M.

Templeton Emerging Markets Income Fund is a closed-ended management investment company. It provides asset management services. The Fund seeks high current income with a secondary goal of capital appreciation by investing normally at least 80% of its total net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries. It invests in bonds from emerging markets around the world to generate income for the Fund seeking opportunities while monitoring changes in interest rates currency exchange rates and credit risk. Its investments include companies located in Brazil Hungary Ukraine Vietnam India Indonesia and Sri Lanka among others. Franklin Advisers Inc. is the company’s investment advisor.

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