Legg Mason Western Asset Emerging Markets Bond Fund

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About the Fund

Investment Aim

The Fund seeks to maximise total return through income and capital appreciation by investing at least 70% of its Total Asset Value in debt securities of issuers located in emerging market countries. The Fund invests in emerging market debt securities across the major fixed-income sectors where the Sub-Investment Manager believes that the yield and potential for capital appreciation are sufficiently attractive in light of the risks of ownership of the obligation. In normal conditions at least 65% will be invested in US dollar denominated securities and at least 60% in government issued, or related securities.

Performance Benchmark

JP Morgan Emerging Markets Bond Index Plus
 
  • Invests in emerging market debt securities across the major fixed-income sectors.
  • Managed by one of the world's largest fixed income managers.
 
 
 

About the Investment Strategy

  • The Fund is invested in a diversified portfolio of government and corporate bond issues across emerging fixed income markets in Latin America, Eastern Europe, Asia and Africa.
  • Risk is controlled through country and sector diversification together with close monitoring of economic and political developments.
  • The Fund aims to maintain an average credit quality of BB+/Ba1.

About the Investment Team

Founded in 1971, Western Asset has decades of experience and is now one of the world's largest managers of fixed income investments. Western Asset follows a team-focused approach comprising groups of specialists dedicated to all the major areas of the fixed income market. Its expertise extends globally across major bond markets.

General Fund Literature

Fact Sheet
Fact Sheet - EUR Hedged
Fact Sheet - USD Acc
Quarterly Commentary
Annual Report
Semi-Annual Report
Full Prospectus
Simplified Prospectus
Prospectus Supplement
Initial Application Form
Subsequent Subscription Form
Redemption Form
 
 
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. The Fund may invest in 'non-investment grade' bonds, which carry a higher degree of default risk than 'investment grade' bonds and may have an increased potential to erode capital. The Fund may invest in emerging markets that may be less liquid and may have less reliable custody arrangements than mature markets and may involve a higher degree or risk. Please refer to the Simplified Prospectus and Prospectus documentation for Legg Mason Global Funds plc, which describe the full risk factors associated with this Fund