Legg Mason strategy on Netwealth
Legg Mason’s liquid alternatives strategy, the Western Asset Macro Opportunities Bond Fund, has been added to the Netwealth superannuation and investment platform.
Legg Mason said its strategy had been added to Netwealth following a strong demand from financial advisers and their clients.
Country head Legg Mason Australia and New Zealand, Andy Sowerby, said: “We are delighted that growing client interest has led to the Legg Mason Western Asset Macro Opportunities Bond Fund now being added to the Netwealth superannuation and investment platform”.
“This is the fastest growing strategy in the Legg Mason fixed income suite of products globally, with total assets recently surpassing A$13 billion.”
Western Asset developed an aggressive, unconstrained fixed income strategy – Macro Opportunities – in 2012 to offer investors the opportunity to generate returns in a slow growth, low-rate environment. The strategy aimed to be opportunistic and defensive, yet offer an attractive risk/reward profile.
The strategy had an average annualised return, gross of fees, of 10.9 per cent with an ex-post volatility of 6.1 per cent, according to a recent Western Asset client update.
The bond fund has a ‘recommended’ rating from Zenith Partners.
Western Asset Management manages US$432.7 billion in funds as at 31 March, 2017.
Recommended for you
Alphinity Investment Management and CSIRO have brought its responsible AI framework to the market, helping investors navigate AI alongside ESG principles.
The ASX board has appointed Wayne Byres as a non-executive director, who previously served as APRA chair for more than eight years.
Ahead of an upcoming fund launch focusing on mid-caps, OC Funds Management has welcomed a new portfolio manager to its investment team.
Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.
