Legg Mason has added two fixed income funds to the Colonial First State FirstWrap platform to give advisers access to the funds.
The Legg Mason Brandywine Global Opportunistic Fixed Income Fund and Legg Mason Western Asset Australian Bond have both been added to the platform and are available for financial advisers.
The Brandywine Fund currently manages over $635 million of investors and offers an unconstrained high conviction global fixed income strategy with a go-anywhere opportunistic style.
The Western Asset Fund manages over $1 billion in funds under management and typically invests in Australian dollar-denominated debt securities paying fixed or floating rate coupons issued by governments and corporates.
Legg Mason’s managing director for Australia and New Zealand Andy Sowerby said he was pleased to have these funds on the FirstWrap platform as they showcased the capabilities of its specialist management.
“These flexible bond strategies are designed to help investors build more resilient and diversified portfolios. They increasingly appeal to investors due to the long-term strength of the propositions, competitive pricing and high independent ratings,” said Mr Sowerby.
“We continue to ensure these award-winning funds are accessible via effective partners in structures that appeal to a variety of investors, be it financial advisers, self-directed investors or institutional clients.”
Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
You can email him on: [email protected]
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