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.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
