Zenith recommends Legg Mason fund
Returning 20.49 per cent per annum after fees ahead of the MSCI World ex Australian AUD index of 17.39 per cent annualised return has helped the Legg Mason QS Investors Global Equity Fund receive a ‘recommended’ rating from Zenith.
Commenting on the strategy behind the fund, Legg Mason managing director, Andy Sowerby said the strategy behind its asset allocation was a popular one.
“This fund could be considered as a core holding for international exposure and is a good complement to the popular unconstrained and factor driven strategies currently favoured in the market,” he said.
“Ultimately, as a global business, we want to make our very best international funds available.”
Zenith said the quantitative style-neutral nature of the fund positioned it well as a stand-alone exposure to the international equities sector and would fit most strongly within in a diversified international equities portfolio.
“The fund’s stock selection process is driven by QS Investors’ proprietary quantitative, multi-factor model,” Zenith said of the fund.
“QS investors seeks to build a portfolio which approximately neutralises – to the benchmark – all common risk factors such as sector, region and size.”
Legg Mason’s fund under administration in Australia sat at AUD $52 billion as at 30 June, 2017.
According to FE Analytics, the Legg Mason QS Investors Global Equity Fund outperformed the AMI Equity – Global TR benchmark consistently since November 2014.
AUTHOR
Hope William-Smith
Recommended for you
Bell Financial Group has appointed a chief investment officer who joins the firm from Clime Investment Management.
Private markets funds with “unattractive practices” could find themselves facing enforcement activity with ASIC chair Joe Longo stating he cannot rule it out in the future.
Despite ASIC concerns about private credit funds being accessed via the advised channel, there are questions regarding how high its usage actually is among financial advisers.
Challenger has looked to the superannuation industry for its appointment of a group chief investment officer, a newly-created role.
