Legg Mason products on Macquarie Wrap



Legg Mason has had two of its products included on Macquarie Wrap’s separately managed account (SMA) investment option.
The fund manager announced today that the Martin Currie Real Income and Equity Income Funds were now available on the SMA investment option.
Commenting on the development, Legg Mason managing director, Australia and New Zealand, Andy Sowerby said inclusion of the products on the platform reflected growing demand from investors who were keen to access income generating strategies in the current low yield, low return environment.
“The Legg Mason Martin Currie Equity Income and Real Income SMAs are based on the same investment process as the highly successful funds launched in the Australian market a few years ago, managed by specialist equity manager, Martin Currie Australia,” he said.
Recommended for you
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
For foreign fund managers looking to come to Australia, a financial services law firm has shared which regulatory option offers them the quickest pathway?
Betashares has partnered with a US fund manager to form a private capital division aimed at providing financial advisers and wholesale clients with private markets investments.
GQG Partners has lost over US$1 billion from an institutional client, contributing to FUM falling by US$6 billion in July, as it flags fund underperformance could lead to continued outflows.