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Legg Mason Western Asset Euro High Yield Fund
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About the Fund
Investment Aim
The Fund’s investment objective is to provide a high level of current income.
Performance Benchmark
BofA Merrill Lynch European Currency High Yield (ex. Financials), 2% Constrained Index.
- Invests primarily in high yielding debt securities denominated in euros
- The Sub-Investment Managers may invest all, or substantially all, of the Fund’s Total Asset Value in debt securities rated below Investment Grade.
About the Investment Strategy
- Construct and maintain a diversified portfolio of high-income securities.
- Value is added through issuer/issue selection and sector rotation.
- Portfolio risk is controlled through broad diversification of sectors and issuers.
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.
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. 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.
The Western Asset Euro High Yield Bond Fund was merged into the Legg Mason Western Asset Euro High Yield Bond Fund on 03 December 2010 and is now part of the Legg Mason Global Funds plc fund range.