Templeton Global Growth Fund Limited
(ASX:TGG) says it outperformed its benchmark by 8 per cent for the past year, as at 30 June 2017.
Over this period, the company’s portfolio delivered a gross return of 23.3 per cent, following a rally in global value stocks.
The investment company says it’s experiencing a strong rebound, on the back of a strengthening environment for value investing, especially for non-US equities.
As at 21 July 2017, TGG says its share price was trading at a discount of 6 per cent to the value of Net Tangible Assets (NTA pre-tax). This is compared to a discount of 14 per cent at the end of December 2016.
Shares in Templeton Global Growth Fund Limited
(ASX:TGG) closed 0.36 per cent lower to $1.38.
