Funds and Fund Manager Updates

New Fund Manager – Legg Mason

This week we added a new Fund Manager, Legg Mason, and their Legg Mason Brandywine Opportunistic Fixed Income Fund.

Legg Mason has over a century of experience and as at 31 December 2017, managed AUD$982 billion across a broad mix of equities, fixed income, alternatives and multi-asset strategies.  They are listed on the New York Stock Exchange, are headquartered in Baltimore USA, and employ more than 3300 employees in 39 offices around the world, including both Melbourne and Sydney.

Legg Mason Brandywine Global Opportunistic Fixed Income Fund

As described by Legg Mason, this PIE 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.

You can read more about the fund here and download a copy of the PDS here.

New Fund – Pathfinder Asset Management Global Responsibility Fund

Pathfinder say “the essence of responsible investing is to change the time horizon for companies and investors from the short term to the long term. A company maximising short term profit may incur long term costs. For example, disregarding environmental damage may result in large future clean-up costs or litigation. Exploiting cheap labour and providing poor working conditions may result in significant brand damage or operational downtime. Long term thinking leads to better financial and social outcomes.”

You can read more about the fund here and download a copy of the PDS here.

Fund processing update – ANZ Investments OneAnswer

ANZ Investments have advised us that they will be treating the 29th March and the 3rd & 4th of April like public holidays and therefore investors will not receive a unit price for any orders submitted on these dates – orders submitted on these dates will receive the unit price of the 5th of April.

Divestment of tobacco-related investments

AMP Capital have advised us of their divestment of tobacco-related investments from AMP Capital’s emerging markets funds. The divestment is expected to be completed by 1 May 2018 and from this date fund performance will be measured against the equivalent ex-Tobacco benchmark – more details here.

AMP Capital NZ Property Fund

Effective 3rd April the AMP Capital NZ Property Fund will be renamed the Australasian Property Index Fund and will start distributing income on a half-yearly basis – more details here.

AMP Capital Core Global Shares Fund

The Fund’s investments managed by Vontobel are being replaced with a new global equity strategy managed by GQG Partners – more details here.

The Global Real Estate Team,

AMP Capital have made some changes to its Global Listed Real Estate (GLRE) team – more details here.

By |2018-08-23T17:08:07+12:00March 29th, 2018|Uncategorised|0 Comments

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