Templeton Emerging Markets Income Fund (TEI) : Trust Asset Management scooped up 141,677 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 Oct 5, 2016. The investment management firm now holds a total of 1,455,322 shares of Templeton Emerging Markets Income Fund which is valued at $15,935,776.Templeton Emerging Markets Income Fund makes up approximately 6.47% of Trust Asset Management’s portfolio.
Other Hedge Funds, Including , Summit Financial Wealth Advisors reduced its stake in TEI by selling 32,868 shares or 46.27% in the most recent quarter. The Hedge Fund company now holds 38,161 shares of TEI which is valued at $417,863. Templeton Emerging Markets Income Fund makes up approx 0.18% of Summit Financial Wealth Advisors’s portfolio.
Templeton Emerging Markets Income Fund closed down -0.05 points or -0.45% at $10.95 with 71,551 shares getting traded on Tuesday. Post opening the session at $10.99, the shares hit an intraday low of $10.93 and an intraday high of $11.04 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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 companys investment advisor.