Two of Legg Mason’s funds are now available across the separately managed account investment option on Macquarie Wrap.
The Legg Mason Martin Currie Real Income and Equity Income funds have been added to Macquarie Wrap’s separately managed account (SMA).
“The Legg Mason Martin Currie Equity Income and Real Income SMAs are based on the same investment process as the highly successful funds launched in the Australian market [a] few years ago, managed by specialist equity manager Martin Currie Australia,” said Andy Sowerby, Legg Mason managing director, Australia and New Zealand.
The Legg Mason Martin Currie Real Income strategy invests in a blend of listed real assets across Australian REITs, utility, infrastructure and like securities available on the ASX.
Meanwhile, Legg Mason Martin Currie’s Equity Income Strategy seeks to achieve inflation protection from increasing dividends and tax effectiveness through maximising franking benefits.
“Lonsec’s ‘Highly Recommended’ rating and Zenith’s ‘Recommended’ rating of the Legg Mason Martin Currie Equity Income Trust are a solid endorsement of the strategy (which the SMA is based on),” Mr Sowerby said.
Former CEO of ING Direct Vaughn Richtor will assume the role of chairman at MyState following the retirement of Miles Hampton, the compan...