Legg Mason Brandywine Global bond fund added to Aegis

24 October 2018

Legg Mason Brandywine Global bond fund added to Aegis investment platform

Legg Mason, one of the world’s leading asset managers, has announced that its first retail fund in New Zealand - the Legg Mason Brandywine Global Opportunistic Fixed Income Fund - is now available to New Zealand investors and investment professionals via the Aegis platform.

Aegis administers over NZD$15 billion of funds under management across more than 19,000 investor portfolios. It is the investment administration service of choice for more than 90 groups of investment professionals throughout New Zealand.

The Legg Mason Brandywine Global Opportunistic Fixed Income Fund was launched in New Zealand earlier this year (March 2018) as the group’s first Portfolio Investment Entity (PIE) given the substantial support and growing interest from NZ wholesale investors.

The flagship Legg Mason Brandywine Global Opportunistic Fixed Income Fund is an unconstrained, high conviction global fixed income strategy with a ‘go anywhere’ style. Brandywine Global manages more than US$75 billion from investors worldwide and more than NZD$1 billion on behalf of institutional, wholesale and retail investors in New Zealand.

Colin Taylor, Director of Sales – Australia and New Zealand, Legg Mason noted “It’s been a great six months for this PIE Fund in New Zealand since the launch. Retail investor interest has been robust and we are really pleased to be able to meet this demand via great partners like Aegis.

“Fixed interest is an essential part of all portfolios. Today, investors are increasingly looking for diverse fixed income strategies with global exposure and this strategy offers just that via an actively managed portfolio of sovereign bonds, investment grade corporate bonds, mortgage securities, currencies and other similar securities.”

The Fund targets investment in markets offering the highest real yields and employs active currency management to protect capital and enhance returns.

“We look forward to building stronger relationships with financial advisory groups, investment platforms and retail clients in the New Zealand market to enhance investor access to this leading strategy” he said.

Highlights of Legg Mason Brandywine Global Opportunistic Fixed Income Fund:

Unconstrained, high conviction global fixed income strategy with a ‘go anywhere’ style
Targets investment in markets offering the highest real yields
Employs active currency management to protect capital and enhance returns
PIE structure created to meet strong demand from NZ clients
Total assets in Legg Mason Brandywine Global Opportunistic Fixed Income (PIE) Fund: NZD $245 million (as at 30 September 2018)
About Legg Mason

Guided by a mission of ‘Investing to Improve Lives™’, Legg Mason helps investors globally achieve better financial outcomes by expanding choice across investment strategies, vehicles and investor access through independent investment managers with diverse expertise in equity, fixed income, alternative and liquidity investments. Legg Mason’s assets under management are AUD $1 trillion as at 30 June 2018.

Legg Mason provides a global platform and centralised business and distribution support for its nine affiliated fund managers that include: Brandywine Global, Clarion Partners, ClearBridge, EntrustPermal, Martin Currie, RARE Infrastructure, Royce & Associates, QS Investors and Western Asset. Each affiliate operates independently under its own brand and investment process and is considered an industry expert in its asset class.

To learn more, please visit: leggmason.com.au

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