Western Asset Bond fund added to CFS

The Western Asset Australian Bond fund is now available to retail investors via the Colonial First State FirstChoice platform.

The fund, which was launched in 1998 and currently has $1.4 billion in funds under management, invests in a  diversified portfolio of domestic fixed income assets including government and semi-government bonds, supranational, corporate credit, and mortgage and other asset-backed securities.

"The fund is currently positioned to generate positive active returns for investors as market expectations for the pace of central bank policy rate tightening moderate," Western Asset head of investment management, Anthony Kirkham, said.

The fund is available in Australia vi Franklin Templeton.

"The Western Asset Australian Bond Fund is an industry recognised actively managed fixed income portfolio with a history of adding return relative to its benchmark since its inception, which is reflected in the many awards Western Asset has won," Felicity Walsh, Franklin Templeton's managing director and head of Australia and New Zealand, says