Guided by a mission of Investing to Improve LivesTM, Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason’s assets under management are NZ$1 trillion as at 31 December 2017.
Legg Mason provides a global platform and centralised business and distribution support for its nine affiliated fund managers that include: Brandywine Global, Clarion Partners, ClearBridge, EntrustPermal, Martin Currie, RARE Infrastructure, Royce & Associates,QS Investors and Western Asset. Each affiliate operates independently under its own brand and investment process and is considered an industry expert in its asset class.
Legg Mason has been active in New Zealand for over 7 years and has raised approximately NZ$1 billion (31 December 2017) with a diversified client base. Early 2018, Legg Mason launched a portfolio investment entity (PIE) structure. This offers a tax-efficient version of the Legg Mason Brandywine Global Opportunistic Fixed Income Fund to New Zealand investors.
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Legg Mason Brandywine Global Opportunistic Fixed Income Fund (fund flyer available here)
This fund is an actively managed, flexible bond fund that seeks to maximise total return by investing in government and corporate bonds issued globally, including in emerging market countries. The fund may invest in derivatives, to reduce risk and to generate additional growth or income for the fund.
Some of the key benefits include:
- Alpha seeking, high conviction strategy with a benchmark agnostic, unconstrained approach
- Strict risk limits in place to avoid over-exposure to any one region or issuer
- Searches the globe for the highest real yields
- Big picture investing driven by large scale macroeconomic themes
- Takes advantage of currency opportunities