Legg Mason launches 'best ideas' global bond fund

Targets 'the three Cs'

Legg Mason has expanded its fixed income offering with the launch of a "best ideas" global bond fund, based on a global unconstrained enhanced bond strategy managed by its subsidiary Brandywine Global since 2012.

The Dublin-domiciled Legg Mason Brandywine Global Enhanced Absolute Return fund seeks positive absolute returns, independent of market conditions, and aims to outperform the FTSE 3-Month T-Bill index by 600bps per year, net of fees, on a rolling 36-month basis. Legg Mason's Barry: We are going to see more change over the next five years than we saw in the previous 15 Managed by David Hoffman, Steve Smith, Jack McIntyre and Anujeet Sareen, the fund invests in the "best ideas in global fixed income markets", with a primary focus on sovereign debt markets and currencies, Legg Mason said....