CFS FirstChoice adds Legg Mason fund

CFS FirstChoice adds Legg Mason fund

The Legg Mason Martin Currie Real Income Strategy fund has been added to the Colonial First State FirstChoice platform.


Launched in 2010, the Legg Mason Martin Currie Real Income Strategy invests in a blend of listed real assets across Australian REITs, utility and infrastructure securities that are listed on the Australian Stock Exchange.

Legg Mason managing director, Australia and New Zealand, Andy Sowerby said, “We are very pleased to see interest in this strategy from financial advisers, given that in a low growth, low interest rate world, listed real assets are becoming the missing link between equities and fixed income for the income investor.

“Colonial First State’s FirstChoice is one of the leading investment platforms in the market and the strong demand for this asset class makes it a compelling investment option for clients, especially those in the retirement phase.”

Legg Mason portfolio manager Ashton Reid added, “The benefit of real assets in any portfolio is their ability to provide natural inflation protection, so income is expected to go up, not down over time.

“At Martin Currie, our research is focused on uncovering investments with the clearest visibility on future cashflows, and avoiding the riskier assets, and through careful stock selection and robust portfolio construction we have delivered better capital protection than the broader equity market over time.”

The fund has received independent research ratings – 'Recommended' – by Lonsec and Zenith, the statement said.

 

CFS FirstChoice adds Legg Mason fund
investordaily image
ID logo
promoted stories

Appointments

investordaily image

AMP names incoming chief risk officer

Jessica Yun

investordaily image

Antares Equities hires new director

Staff Reporter

Brad Fox

Former AFA CEO appointed to boutique board

Staff Reporter

Analysis

investordaily image

Warning lights flashing on Aussie equities

Roy Maslen

investordaily image

What’s in store for the economy in 2018?

Frank Uhlenbruch

ST Wong

Busting common passive investing myths

ST Wong