Western Asset Euro Money Market Fund

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About the Fund

Investment Aim

To provide a reasonable level of current income, consistent with the preservation of capital, by investing primarily in high quality, short-term money market instruments denominated in euro.

Performance Benchmark

No benchmark has yet been assigned as this fund is not yet seeded
 
  • Invests primarily in high quality, euro-denominated short-term money market instruments
  • Average duration <= 90 days
  • Credit quality: A minimum of 95% of the Fund's Total Asset Value will be invested in securities rated at least A1/P1by a nationally recognised statistical rating organisation (NRSRO) ; the remaining 5% of the Fund's Total Asset Value will be invested in securities rated at least A2/P2 by an NRSRO.
 
 
 

About the Investment Strategy

  • Construct a portfolio using short-term money market instruments denominated in euros.
  • Value is added through credit selection, yield curve positioning and duration management.
  • Portfolio risk is controlled through investing in high quality short-term instruments and limiting the maximum maturity of the investments.

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

 
 
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 Institutional Funds plc, which describe the full risk factors associated with this Fund.