Templeton Emerging Markets Investment Trust plc is a closed-ended equity mutual fund launched and managed by Franklin Templeton International Services S.à r.l. It is co-managed by Franklin Templeton Investment Management Limited and Templeton Asset Management Ltd. The fund invests in public equity markets of developing countries worldwide, selecting stocks across diversified sectors and market capitalizations using fundamental, bottom-up analysis. It benchmarks performance against the MSCI Emerging Markets Index. The trust was formed on June 12, 1989, and is domiciled in the United Kingdom.