Templeton fully divests second emerging markets fund
Franklin Templeton has exited all the investments held in its second emerging markets fund, which was established in 2005 and had a corpus of $132.5 million. The vehicle has generated a net IRR of 34.3% and a money multiple of 2.1x.
Templeton Strategic Emerging Markets Fund II targeted listed and unlisted companies in the likes of China, India, Russia, South Korea and Central and Eastern Europe. It focused on growth stage investments...
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