American asset manager Legg Mason has merged Martin Currie Global Funds (MCGF) into its global fund range, Legg Mason Global Fund (LMGF).

The company’s board of directors decided to integrate seven MCGF Luxembourg domiciled sub-funds into the Ireland-domiciled LMGF sub-funds due to issues with the Legg Mason charging structure and economies of scale of operating on the Legg Mason platform.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The merger of the seven Martin Currie Funds, including four Asia funds, one North America, one European and one Global Resources fund into LMGF took place on 11 March 2016.

However, the funds will retain their current investment directives and the management of the funds will remain unchanged.

Legg Mason purchased Martin Currie, an Edinburgh-based Asian equities specialist asset manager, in October 2014.

Martin Currie executive director and head of sales, marketing and client service Andy Sowerby said: "Our partnership with Legg Mason enables us to leverage their scale in both operations and distribution to the ultimate benefit of our clients.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"By merging our cross-border UCITs funds into the Legg Mason Global Funds range our clients immediately benefit from lower ongoing costs and each funds distribution reach is greatly enhanced."

Legg Mason head of UK sales Adam Gent said: "The decision has been taken with the clients’ interests in mind since the economies of scale provided by Legg Mason will greatly benefit the clients."