BetaShares Legg Mason income active ETFs recommended by Zenith
Zenith Investment Partners has assigned a ‘recommended’ rating to the BetaShares Legg Mason Equity Income Fund (EINC) and the BetaShares Legg Mason Real Income Fund (RINC).
Both funds, which were launched this year in February, were designed to mirror the long-established unit trusts managed by Martin Currie Australia.
Zenith praised EINC for its investment team and investment process which represented “an attractive option within the Australian equity peer group”.
EINC replicates the strategy of the Legg Mason Martin Currie Equity Income Fund, which was launched in 2011 and produced a total return of 8.5 per cent over the 12 months to the end of September.
As far as RINC was concerned, Zenith said it had “high regard for portfolio manager Ashton Reid and the fund’s well-established investment process”.
Also, the fund was said to be well positioned to achieve its targeted objectives, while providing investors with a more defensive exposure to the Australian equity market, the research house said.
“We launched EINC and RINC in February of this year in direct response to demand from our existing clients,” Legg Mason’s managing director, Australia and New Zealand, Andy Sowerby said.
“Investors who prefer to deal on the ASX lacked choice for active investment strategies that target the production of high, sustainable and growing income streams. These active ETFs fill that gap.”
Recommended for you
There is one specific risk that is a significantly higher concern for financial services directors compared to companies overall and is impacting their risk appetite, according to the AICD.
Global fund managers are shunning bonds, with the asset class seeing the largest drop in allocations in more than 20 years.
Australian Ethical has seen its funds under management reach $10 billion, driven by organic customer growth and superannuation contributions.
Financial advisers will have access to private equity investments run by WTW for the first time as it launches a pooled fund to provide savers with access to traditionally institutional assets.
