Legg Mason funds receive Zenith thumbs up
Legg Mason has announced it received positive ratings from research house Zenith for three of its bond funds offered to the Australian retail market.
According to a statement, the newly launched Legg Mason Asset Global Bond fund and the Legg Mason Western Asset Macro Opportunities have both received ‘recommended’ ratings.
The Legg Mason Brandywine Opportunistic Fixed Income Trust received a ‘highly recommended’ rating, the statement said.
Legg Mason Australia and New Zealand managing director Andy Sowerby said these ratings from Zenith justifies the group’s decision to expand its bond offering to the Australian retail market.
“There is a growing awareness among retail investors, especially in a low interest rate environment, about the capacity for bonds to generate income and capture capital appreciation, and the active management underpinning all three funds aims to achieve these two goals,” Mr Sowerby said.
“These new Zenith ratings reinforce Legg Mason’s active approach to fixed interest, giving investors a comprehensive range of bond funds to meet their specific investment goals.”
Court confirms wealth directors breached duties
The Federal Court has dismissed the appeal from two directors of a collapsed fin...
ATO should administer early super scheme
An actuarial body has suggested the Tax Office should be responsible for adminis...
Practice Profile: Where digital meets personal
While the uptake of robo-advice has been slow in Australia, one advice firm has ...