Netwealth adds Legg Mason fund

The Legg Mason Western Asset Macro Opportunities Bond Fund has been added to superannuation and investment platform Netwealth.

The fund utilises an unconstrained fixed-income strategy developed in 2012 by Western Asset, a fixed income affiliate of Legg Mason.

Head of Legg Mason Australia Andy Sowerby said that the fund was designed with an emphasis on active management and macro risk factors.

“We are delighted that growing client interest has led to the Legg Mason Western Asset Macro Opportunities Bond Fund now being added to the Netwealth superannuation and investment platform,” Mr Sowerby said.

“This is the fastest growing strategy in the Legg Mason fixed income suite of products globally, with total assets recently surpassing $13 billion.”

Western Asset product specialist Joseph Filicetti said the strategy had been “severely tested” over the last two years and proved to be “remarkably resilient”.

“We believe the interconnectedness of global markets and the increased importance of central bank policy will continue to fuel dislocations that create opportunities for macro opportunities investors – regardless of the direction of rates,” Mr Filicetti said.