EMF

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1987, Franklin Templeton launched the first-ever emerging markets equity fund for retail investors.

Templeton Emerging Markets Fund (EMF) declares $0.657/share annual distribution (NII of $0.1803share, STCG of $0.0449/share and LTCG of $0.4318/share), -42.8% decrease from prior dividend of $1.148.Forward yield 3.71%Payable Dec. 31; for

Templeton Emerging Markets Fund, Inc. (NYSE: EMF) today announced a total distribution of $0.657, comprised of net investment income of $0.1803 per share, short-term capital gains of $0.0449 per share and long-term capital gains of $0.4318 per share, payable on December 31, 2020, to shareholders of record on December 15, 2020 (Ex-Dividend Date: December 14, 2020).

Templeton Emerging Markets Fund, Inc. (NYSE: EMF) today announced a total distribution of $0.657, comprised of net investment income of $0.1803 per share, short-term capital gains of $0.0449 per share and long-term capital gains of $0.4318 per share, payab...

Looking back, EM equities have as a whole been resilient, with the MSCI Emerging Markets Index marginally positive year to date-performing broadly in line with the S&P 500 and MSCI World indexes.On the economic front, EM activity has continued to rebound, albeit at varying speeds across countries.Meanwhile, EMs have shown a continued appetite for structural reforms that could lay the foundation for lasting economic recoveries.EM corporate resilience - especially in industries bolstered by the pandemic - is likely to anchor market sentiment.

The rebound in asset prices and the easing in global financial conditions have benefited not only advanced economies, but also emerging markets.Policy measures have allowed firms to cope with cash shortages experienced during economic shutdowns by taking on more debt.Looking ahead, policymakers should carefully sequence their response to build a safe bridge to recovery.