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
More retail online investors are entering the market than ever before, and the number of people trading ETFs has risen by more than 10 per c...
Pengana International Equities, previously named Hunter Hall Global Value, has returned to profit after posting a net loss of $22.9 million...
More than half of professionally managed assets in Australia now fall under the responsible investment banner, according to a new report by ...
