Home
| Products
| Legg Mason Global Multi Strategy Bond Fund
Legg Mason Global Multi Strategy Bond Fund
Adjust Font Size
About the Fund
Investment Aim
The Fund seeks to achieve its objective by investing globally, principally in debt and fixed income securities denominated in currencies of a variety of developed and emerging market countries. A minimum of 80% of the Fund's net asset value will be invested in debt and fixed income securities that are either hedged to pounds sterling or denominated in pounds sterling.
Performance Benchmark
50% Barclays Capital Global Aggregate (GBP Hedged), 25% Barclays Capital U.S. Corporate High Yield - 2% Issuer Cap (GBP Hedged), and 25% JP Morgan EMBI+ Index. (GBP Hedged)
- Invests across global fixed income markets and sectors in both developed and emerging market countries.
- Managed by one of the world's largest fixed income managers.
About the Investment Strategy
- The Fund is invested across global fixed income markets, and sectors in both developed and emerging market countries.
- The Fund's allocation among fixed income sectors is actively managed with a focus on sectors such as 'investment grade' and high yield corporate bonds, government bonds, asset-backed securities, and mortgage-backed securities.
- As value investors, the investment manager may focus on sectors and issuers that are undervalued or out-of-favour in the market but have the potential to outperform.
- At least 80% of the fund will be hedged back to sterling or denominated in sterling.
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:
Interest rate risk: This Fund holds fixed income investments and may be affected by changes in interest rates.
Credit risk: This Fund may invest in ’noninvestment
grade’ bonds, which carry a higher
degree of default risk than ’investment grade’
bonds.
Emerging markets risk: This 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 of
risk.
Hedging risk:This Fund may use eligible derivatives to hedge their foreign currency exposure back to the base currency, pounds sterling. Hedging transactions can reduce the effects of currency and asset fluctuations but can expose additional risks, e.g. counterparty default.
Annual management charge from capital: This Fund has its annual management charge levied against capital, which may adversely affect the capital growth of the Fund.
Please refer to the Simplified Prospectus and Prospectus documentation for Legg Mason Funds ICVC, which describe the full risk factors associated with this Fund.