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.
Read more:
Early super release won't fix housing, says FSC
Dutch election could have 'knock-on effects'
New institutional business head at Grant Samuel
The interest rate environment across the world is at historic low and it will most likely stay that way for years to come. ...
Morgan Stanley has reported net revenues for the quarter ending 30 June down by 4 per cent or $517 million from a year ago, despite strong g...
After much speculation, NAB has appointed its new chief executive following the departure of Andrew Thorburn. ...
Get notifications in real-time for staying up to date with content that matters to you.
