The asset mix aims to deliver robust but stable yields and low risk while acting as a hedge against inflation.
The Legg Mason Australian Equity Income Trust focuses on blue chip companies that provide strong but reliable dividend streams as well as market-beating yields.
Legg Mason said it also aimed to maximise the tax benefits to retirees offered by the franking credits sometimes linked to dividends.
The Real Income Fund has just been seeded and the Equity Income Trust has $538 million under management so far.
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