Legg Mason and BetaShares launch fixed income active ETF

launch active ETF ETFs fixed income Legg Mason BetaShares BetaShares legg mason Australian Bond Fund BNDS bond fund Western Asset Anthony Kirkham Andy Sowerby Australian government bonds government bonds corporate bonds equity income strategies EINC RINC Martin Currie Australia

19 November 2018
| By Oksana Patron |
image
image
expand image

Legg Mason and BetaShares have together launched their third active exchange traded fund (ETF), the BetaShares Legg Mason Australian Bond Fund (BNDS), which will be Australia’s first fixed income active ETF.

The new fund would be managed by Legg Mason affiliate, Western Asset, led by Anthony Kirkham, and according to Legg Mason’s managing director, Andy Sowerby, BNDS would fill a gap in the market as it would provide access to elite specialist asset management.

The firm said that Australian investors typically held an underweight exposure to fixed income and with growing market volatility, investors would need a well-constructed bond fund to increase diversification.

“Fixed income is generally considered to be lower risk than growth assets – such as shares and property – and can deliver returns with much lower volatility,” Kirkham said.

“BNDS invests in Australian government and semi-government bonds, supranational and Australian corporate bonds and other eligible securities.”

Under the alliance, the fund managers had earlier launched two equity income strategies, EINC and RINC, which are managed by Legg Mason affiliate, Martin Currie Australia.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

JOHN GILLIES

tHOSE 989 WHO ARE CEASED WILL GO ON TO LIVE A LONG AND HEALTHY LIFE JG...

4 days 19 hours ago
Chris Cornish

What a sticth-up. Looks like Labor Senator Jess Walsh follows Stephen Jones who follows what the industry super funds ...

4 days 16 hours ago
Peter Swan

This report is a blatant display of far-left factional partisanship, treating superannuation funds as state property and...

4 days 17 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

2 weeks 5 days ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

1 week 5 days ago

ASIC has obtained interim orders from the Federal Court to freeze the assets of a registered managed fund and prevent its former director from leaving Australia. ...

6 days 16 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND