Legg Mason Western Asset Global Bond Fund

Legg Mason has announced the launch of a new global bond fund for Australian investors, managed by its affiliate Western Asset. The Legg Mason Western Asset Global Bond Fund aims to outperform the Bloomberg Barclays Global Aggregate Index (hedged into AUD) after all fees over rolling three to five year periods. The investment process applies an active, team-managed strategy that employs a long term, value-oriented approach.

Commenting on the launch, Legg Mason country head and managing director, Andy Sowerby, said: "Currently, there are very few 'true to label' global bond options available for financial advisers. Western Asset has a deeply resourced investment team and proven track record of outperformance in global bonds and I consider there to be a great opportunity for our firm to deepen our competitive presence in this key asset class."