Trust Asset Management buys $14,423,822 stake in Templeton Emerging Markets Income Fund (TEI)

Templeton Emerging Markets Income Fund (TEI) : Trust Asset Management scooped up 98,274 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 Jul 19, 2016. The investment management firm now holds a total of 1,313,645 shares of Templeton Emerging Markets Income Fund which is valued at $14,423,822.Templeton Emerging Markets Income Fund makes up approximately 6.63% of Trust Asset Management’s portfolio.

Other Hedge Funds, Including , 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.Creative Planning boosted its stake in TEI in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 896 shares of Templeton Emerging Markets Income Fund which is valued at $9,623.Summit Financial Wealth Advisors reduced its stake in TEI by selling 8,041 shares or 10.17% in the most recent quarter. The Hedge Fund company now holds 71,029 shares of TEI which is valued at $749,356. Templeton Emerging Markets Income Fund makes up approx 0.31% of Summit Financial Wealth Advisors’s portfolio.

Templeton Emerging Markets Income Fund opened for trading at $10.91 and hit $11.03 on the upside on Wednesday, eventually ending the session at $10.98, with a gain of 1.29% or 0.14 points. The heightened volatility saw the trading volume jump to 1,58,294 shares. Company has a market cap of $516 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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