Legg Mason Global Multi-Strategy Bond A Income
HL comment
Hargreaves Lansdown research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. This fund does not fall into either of these categories at present.
Information from the fund manager
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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: Global Bonds
Our view on this sector
Yields on many investment grade and higher risk high yielding bonds have gone up dramatically in the last few months as many investors have sold forcing prices down and yields up. The level of defaults being priced in looks historically high and are far greater than seen during the Great Depression giving an opportunity for investors to tap into high yields and potentially capital growth as global economic concerns ease. Recent sector changes make it easier for investors to compare like with like in the corporate bond universe.
20-11-2008