Legg Mason US Equity Fund Accumulation Units
HL comment
Our view on this Fund
Manager's great track record evaporated in recent years. Holding financials has led to large losses.
13-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: Legg Mason
Our view on this Fund Management Group as a whole
Legg Mason (previously Johnson Fry in the UK) is one of America's leading asset management company's with $992 billion under management worldwide. Rather than bringing in star fund managers, Legg Mason aims to recruit and nurture fund managers, who become stakeholders of the business so that their interests are aligned with the targets and performance of the business as well as their investors. The most distinctive feature of Legg Mason is its specialised approach to managing money. It houses a selection of prestigious investment management businesses, each focusing on its own area of expertise. These specialist investment managers include Legg Mason Capital Management, Western Asset, Royce & Associates, Brandywine Global Investment Management and Batterymarch Financial Management - each a wholly owned subsidiary of Legg Mason. Investors with Legg Mason don't just have access to a single asset class or manager, they have access to a wide variety of investment disciplines.
13-09-2007
HL sector comment: North America
Our view on this sector
The US appear willing to do almost anything to avert the economy going into freefall. Large interest rate cuts, tax rebates and a huge capital injection into the banking and insurance sector may well do the trick but it is too soon to say. Being the first into the sub prime problem and the US government taking wide reaching action, it should be the first country to recover.
20-11-2008