TGG sees value in Europe

With global market jitters on the rise, it's no wonder many investors are feeling nervous.

So this week we caught up with Peter Wilmshurst, portfolio manager of the Templeton Global Growth Fund listed investment company, to get his insights into global market conditions.

In the video below, he gives his views on the global investment environment, and among other things explains why they like Microsoft and Samsung. It's interesting viewing.

Parent company Franklin Templeton, founded in 1947, is a name synonymous with funds management, and the Templeton Global Growth Fund (ASX:TGG) is no newbie either. It has just chalked up 30 years on the ASX.

The LIC has a value investing approach and endeavours to identify undervalued stocks from around the globe. It has around 40 per cent of its portfolio invested in the US and around 40 per cent in Europe, where it is currently seeing value.

TGG is currently trading at $1.37, and has a pre-tax NTA of $1.52 and a post-tax NTA of around $1.47. With the discount to NTA being a keen focus of management, they have looked to narrow the discount by lifting performance and buying back shares.

The LIC is managed by the Templeton Global Equity Group; its philosophy is based on that of its founder Sir John Templeton, who emphasised value, patience, and the importance of focusing on the fundamentals of a company.