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Western Asset Absolute Return Fund - Euro

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About the Fund

Investment Aim

To maximise total return, through income and capital appreciation, by investing primarily in the global fixed income markets. Investments may be made in currencies other than the Euro, provided that no more than 25% of the Fund's total asset value be exposed to currencies other than the Euro.

Performance Benchmark

No benchmark has yet been assigned as this fund is not yet seeded

Invests in global fixed income markets.
Can invest up to 25% in currencies other than the Euro.
Credit Quality: At least 50% of the Fund's total asset value must be invested in securities rated investment grade by an NRSRO or if unrated, deemed to be of comparable quality.

About the Investment Strategy

Construct a portfolio in which sector, duration and term structure exposure are actively managed.
The fund is opportunistic and will make tactical changes based on a fundamental assessment of current market conditions.

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.