Strong performance coupled with the ability to meet clients’ risk and return objectives has helped the Legg Mason Western Asset Australian Bond Fund win in the Australian Fixed Income category at this year’s Money Management/Lonsec Fund Manager of the Year Awards.
Western Asset Management’s head of Australian fixed income, Anthony Kirkham said the success of the fund should also be put down to its highly experienced team, which has been together for a long time, with the average experience in the industry of over 20 years. This enabled the fund to deliver such a positive performance.
“The big part of that is obviously how we manage money, which is clearly an active approach to fixed income,” he said. “When you look at our investment philosophy, which is long-term fundamental value with multiple diversified strategies, I think it’s what really paid off.”
For nominee PIMCO Diversified Fixed Interest Fund – Wholesale Class, it was the fund’s time-tested investment process, which combined an informed global macroeconomic outlook with robust bottom-up analysis in order to create the unique strategy.
PIMCO’s head of the global portfolio management desk, Sachin Gupta, said: “Our philosophy is designed to add value in all market environments, taking measured risks across multiple strategies in a diversified manner.”
“Unlike most peers in this category, we take positions across a range of risk factors in a diversified manner so...