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.
