Andy Sowerby, managing director at Legg Mason Australia & New Zealand, said global investment strategies are in demand from financial advisers as benefits of diversification flow through portfolios, in both equities and bonds, with the expectation that it will only continue to expand.
“We are delighted to have our two proven global investment solutions added to the Macquarie Wrap platform,” Mr Sowerby said.
“Both the Legg Mason QS Investors Global Equity Fund and the Legg Mason Western Asset Global Bond strategy have long track records of success and we are pleased to make these solutions available to a broader group of potential investors.”
The Legg Mason QS Investors Global Equity Fund, managed by Legg Mason affiliate, QS Investors, offers clients global equity exposure and employs a quantitative investment approach that incorporates bottom-up fundamental analysis with quantitative tools to select international stock opportunities. Launched in 1998, the fund returned 18.23 per cent per annum after fees over the past five years to 30 September 2018, versus the MSCI World ex Australian AUD 15.25 per cent per annum return.
The Western Asset, the Global Bond strategy, managed by Legg Mason affiliate, has been available offshore since 2010, with the local Legg Mason Western Asset Global Bond Fund launching in 2016. The fund is an actively managed, diversified fixed income fund with exposure to sovereign bonds, corporate bonds, high yield, mortgage and asset-backed securities, emerging market debt and other similar securities.
Sarah Simpkins
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
