The Legg Mason Western Asset Macro Opportunities Bond Fund, which is a liquid alternative fund launched in 2016, has been added to Colonial First State (CFS) FirstWrap platform.
The strategy is focused on long-term value investing combined with active management of duration, yield curve and volatility, and is currently run by Western Asset’s chief investment officer, Ken Leech and portfolio manager, Prashant Chandran.
According to Legg Mason’s country head, Australia and New Zealand, Andy Sowerby, the fund was the fastest growing strategy in the Legg Mason fixed income suite of products globally, with total assets recently surpassing $10 billion.
“The high conviction, unconstrained fixed-income strategy aims to provide investors the opportunity to generate returns in a low-growth, low-rate environment,” he said.
“Idea generation reflects Western Asset’s long-term fundamental outlook based on the macro view of its global team of investment professionals.”
The fund was recommended by Zenith Partners while Lonsec rated the fund as ‘investment grade’.
The fund is currently also available on BT Wrap, HUB24, Macquarie Wrap, Netwealth and Praemium.
