Zenith Investment Partners has given a rating of at least ‘recommended’ to three of global asset manager Legg Mason’s bond funds.
Both the Legg Mason Western Asset Global Bond Fund and the Legg Mason Western Asset Macro Opportunities Fund received a ‘recommended’ from the research house, with the Legg Mason Brandywine Opportunistic Fixed Income Trust receiving a ‘highly recommended’.
“Zenith’s ratings for the three funds is an excellent outcome and certainly justifies the decision to expand our bond offering to the Australian retail market,” said Legg Mason Australia and New Zealand managing director Andy Sowerby.
“There is a growing awareness among retail investors, especially in a low interest rate environment, about the capacity for bonds to generate income and capture capital appreciation, and the active management underpinning all three funds aims to achieve these two goals.”
Mr Sowerby said the ratings “reinforce” the company’s fixed interest approach.
The COVID crisis has revealed how central banks have amplified wealth inequality in recent years, according to Schroders, with its head of A...