Western Asset Management, an affiliate of Legg Mason, has rolled out a pair of new fixed income funds.
The new Legg Mason Western Multi-Asset Credit fund will target global high-income securities. It will employ hedging strategies to protect investors against credit market sell-off.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The fund will be overseen by Christopher Orndorff from Western’s California office.
The other fund, the Legg Mason Western Asset Global Total Return Investment Grade Bond fund, will invest in developed as well as emerging markets high-rated bonds with an aim to boost returns from investment-grade rated bonds and currencies.
The company said that the new fund will be exposed to foreign currencies, with up to 25% in unhedged non-US dollar assets or currencies, and will use derivatives where required.
The fund will be managed by a London-based team headed by Gordon Brown and Andrew Cormack.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
