Templeton Emerging Markets Income Fund [TEI] Stock Forecast

For the second consecutive month, equity CEFs (+2.69% on a NAV basis) on average chalked up plus-side performance while their fixed income CEF cohorts (+1.03%) also posted gains. At month end, 13% of all CEFs traded at a premium to their NAV, with 14% of equity CEFs and 12% of fixed income CEFs trading in premium territory. Emerging Markets CEFs (+5.95%) for the first month in six outperformed the other classifications in the equity CEF universe for July.

In June, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with average returns of 3.57% for equity CEFs and 1.63% for fixed income CEFs. The Natural Resources CEFs classification topped the equity leaderboard with a 6.29% return, while High Yield CEFs led the domestic taxable fixed income leaderboard with a 2.63% return. The median discount of all CEFs narrowed to 10.79% in June, with equity.

The Templeton Emerging Markets Income Fund is a fixed income CEF focused on local currency debt. With many analysts calling for peak dollar, TEI might be an attractive investment vehicle to take advantage of a weakening USD in the future.

Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

At the start of 2023, emerging market equities are becoming an increasingly popular asset class. Emerging market bond valuations appear even cheaper in the context of the last two decades. Templeton Emerging Markets Income Fund has a poor track record over the last decade. Potential investors need to actively make sure they are comfortable with the fund's current bets.

Only funds with yields over 8%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.

Over the long run, TEI's total return has been quite poor, despite a strong yield. Currency exposure of TEI is impressive. Most currencies stood their ground while the dollar got appreciated against most credible and traded currencies.

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

In emerging markets valuations look attractive today after the losses across financial markets early this year. PIMCO's investment process is founded upon our macroeconomic outlook and our in-house country and credit research.

Templeton Emerging Markets Income Fund is a US stock , located in San mateo of Ca and trading under the symbol TEI

Templeton Emerging Markets Income Fund stock price is $4.541 today.

Yes, Templeton Emerging Markets Income Fund is a publicly traded company.