Legg Mason says that its first retail fund in New Zealand - the Legg Mason Brandywine Global Opportunistic Fixed Income Fund - is now on the Aegis platform.
The fund was launched in New Zealand earlier this year as the group’s first Portfolio Investment Entity (PIE) given the substantial support and growing interest from NZ wholesale investors. It is an unconstrained, high conviction global fixed income strategy with a ‘go anywhere’ style.
Brandywine Global manages more than US$75 billion from investors worldwide and more than $1 billion on behalf of institutional, wholesale and retail investors in New Zealand. Colin Taylor, Director of Sales – Australia and New Zealand, Legg Mason noted “It’s been a great six months for this PIE Fund in New Zealand since the launch. Retail investor interest has been robust and we are really pleased to be able to meet this demand via great partners like Aegis. “Fixed interest is an essential part of all portfolios.
Today, investors are increasingly looking for diverse fixed income strategies with global exposure and this strategy offers just that via an actively managed portfolio of sovereign bonds, investment grade corporate bonds, mortgage securities, currencies and other similar securities.”
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