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Legg Mason Western Asset UK£ Long Duration Fund
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About the Fund
Investment Aim
The Fund's investment objective is to maximise total return through income and capital appreciation.
Performance Benchmark
50% FTSE-A Gilts Over 15 Years Index & 50% Merrill Lynch Sterling Non-Gilts
- Focus on longer duration UK securities denominated in sterling
- Credit quality: The Sub-Investment Managers will only purchase investments that are rated investment grade or, if unrated, considered to have an equivalent rating by the relevant Sub-Investment Manager.
About the Investment Strategy
- Construct a portfolio using all major fixed-income markets and sectors.
- Value is added through duration, yield curve, sector rotation, issue selection and non-U.K. exposure.
- Market risk is controlled by constraining duration and currency exposure.
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. 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 UK£ Long Duration Bond Fund was merged into the Legg Mason Western Asset UK£ Long Duration Fund on 19 November 2010 and is now part of the Legg Mason Global Funds plc fund range.