Two Legg Mason funds added to CFS FirstWrap platform
Two of Legg Mason’s fixed income funds, the Legg Mason Brandywine Global Opportunistic Fixed Income Fund and the Legg Mason Western Asset Australian Bond Fund have been added to Colonial First State FirstWrap Platform.
The Legg Mason Brandywine Global Opportunistic Fixed Income Fund, aimed to target investment in markets offering the highest real yields and employed active currency management, managed over $635 million for Australian investors and offers an unconstrained, high conviction global fixed income strategy with a ‘go-anywhere’ opportunistic style.
The Legg Mason Western Asset Australian Bond Fund, which managed over $1 billion in funds under management, is an actively managed fund against the Bloomberg AusBond Composite 0+ Year Index, typically invested in Australian dollar-denominated debt securities paying fixed or floating rate coupons issued by governments, supra-national bodies and Australian and foreign corporates.
“We are very pleased to have these funds included on the Colonial First State FirstWrap platform.
We have purposefully developed a full range of fixed income solutions that draw upon the world-class capabilities of our two leading specialist managers in this asset class - Western Asset and Brandywine Global,” Andy Sowerby, Legg Mason managing director, Australia and New Zealand, said.
“These flexible bond strategies are designed to help investors build more resilient and diversified portfolios. They increasingly appeal to investors due to the long-term strength of the propositions, competitive pricing and high independent ratings.
“We continue to ensure these award-winning funds are accessible via effective partners in structures that appeal to a variety of investors, be it financial advisers, self-directed investors or institutional clients,” said Sowerby.
AUTHOR
Oksana Patron
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
