Legg Mason joins Mercer’s group of small company managers after a long period of analysis and research by the consultant.
The Legg Mason small companies strategy aims to outperform the Small Ordinaries Accumulation index by five per cent per annum and invests in approximately 45 companies outside the ASX top 100.
Over 10 years to June 2014, the strategy has exceeded its benchmark by over seven per cent per annum.