Legg Mason funds 'recommended'
Ratings house Zenith Investment Partners has awarded three Legg Mason Australia funds 'recommended' ratings.
The fund manager announced the ratings last week saying Zenith's first rating of the Legg Mason Core Equity Trust resulted in a 'recommended' rating, while its rating of the Legg Mason Australian Real Income Fund remained stable.
It said the research house also upgraded the Legg Mason Property Securities Trust to 'recommended' in its 2013 Australian Property Securities sector review.
Commenting on the ratings, Legg Mason Australian Equities chief investment officer Reece Birtles said the three 'recommended' ratings represented a positive endorsement of Legg Mason's investment capabilities across multiple product strategies.
AUTHOR
Staff Writer
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
