Legg Mason Brandywine Global bond fund now on FNZ
Legg Masonhas its first retail fund in New Zealand - the Legg Mason Brandywine Global Opportunistic Fixed Income Fund - available to New Zealand investors and investment professionals via the FNZ platform.
Tuesday, December 3rd 2019, 8:48PM
The Legg Mason Brandywine Global Opportunistic Fixed Income Fund was launched in New Zealand in March 2018 as the group’s first Portfolio Investment Entity (PIE) given the substantial support and growing interest from New Zealand wholesale investors.
The flagship Legg Mason Brandywine Global Opportunistic Fixed Income Fund is an unconstrained, high conviction global fixed income strategy with a ‘go anywhere’ style. Brandywine Global manages more than $75 billion from investors worldwide and more than $1 billion on behalf of institutional, wholesale and retail investors in New Zealand.
Colin Taylor, Head of Distribution New Zealand for Legg Mason added: “We have spent considerable time engaging with financial advisers to understand their needs and how Legg Mason might help them achieve their objectives. As a result, we are very pleased to have this fund added onto one of New Zealand’s leading investment platforms and increase the access points for advisers.
"Our affiliate Brandywine Global has a long and successful track record of navigating global bond markets and delivering strong returns for clients. We believe this fund can play an important role in portfolios helping them to achieve attractive risk-adjusted investment performance over the long term.”
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