Templeton Dragon Fund Inc (TDF) : City Of London Investment Management Co Ltd reduced its stake in Templeton Dragon Fund Inc by 1.34% during the most recent quarter end. The investment management company now holds a total of 9,213,390 shares of Templeton Dragon Fund Inc which is valued at $150.5 Million after selling 125,401 shares in Templeton Dragon Fund Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Templeton Dragon Fund Inc makes up approximately 11.41% of City Of London Investment Management Co Ltd’s portfolio.
Other Hedge Funds, Including , Lazard Asset Management reduced its stake in TDF by selling 517,771 shares or 14.59% in the most recent quarter. The Hedge Fund company now holds 3,030,090 shares of TDF which is valued at $49.5 Million. Templeton Dragon Fund Inc makes up approx 0.12% of Lazard Asset Management’s portfolio.North Star Asset Management Inc reduced its stake in TDF by selling 312 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 225,633 shares of TDF which is valued at $3.8 Million. Templeton Dragon Fund Inc makes up approx 0.45% of North Star Asset Management Inc’s portfolio.
Templeton Dragon Fund Inc. is a closed-end management investment fund. The Fund seeks long-term capital appreciation by investing at least 45% of its total assets in equity securities of China companies. It is focused on investing directly in shares of China-incorporated Hong Kong Stock Exchange-listed companies; shares that trade on the Shanghai or Shenzhen stock exchanges in either United States or Hong Kong dollars and shares of Hong Kong Stock Exchange-listed companies with exposure to China. The Fund invests in various sectors including energy sector which comprises oil gas and consumable fuels; the consumer staples sector which comprises beverages food and staples retailing and food products; the telecommunication services sector which comprises telecommunication and wireless telecommunication services and the industrials sectors comprising commercial services and supplies among others. The Fund’s investment manager is Templeton Asset Management Ltd.