3 years, 3 stories

2014 The curve flattener:
A more moderate view on growth than the US Federal Reserve's led to investment opportunities in active duration management.
2015 Macro strategies rescue:
Spreads widened and risk assets underperformed — but the macro strategies were able to more than offset a bear market in risk assets and keep the Fund positive in 2015.
2016 Standing our ground:
The manager maintained risk asset holdings based on the conviction that there was a great disconnect between prices and fundamentals — and was proven right. The Fund suffered in the post-US election sell-off in November, but more than recovered the losses in the following two months.
Source: Legg Mason, as at 30 September 2017. Performance is calculated NAV to NAV with gross income reinvested without initial charges but reflecting annual management fees, based in USD for class A shares. Performance figures for over one year periods are annualised including since inception. *Since inception annualised. Fund inception date: 29 November 2013. Past performance is not a reliable indicator of future results.

Macro Opportunities: a flexible approach to macro investing

Celebrating 3 years of successful investing (3:00)

Message from Joe Filicetti and Ken Leech

Does unconstrained fixed income investing actually work? (6:50)

Legg Mason Investment Director Amanda Stitt explains why the fund is one of the best ways to approach fixed income investing in the current environment.

Webcasts

  • Webcast with Product Specialist Joe Filicetti
    Date: 13 June 2017

  • Ken Leech Market Update
    Date: 12 October 2017

Key differentiators

  1. Full flexibility: the fund can invest in any sector and take overall duration positions from -5 to +10 years.
  2. Low correlation to equity and traditional fixed income markets.
  3. Active management of short-term conditions can complement, or mitigate, medium to long-term risk climates.

Meet the Managers

S. Kenneth Leech
CIO and Head of Global Investment Strategy Committee at Western Asset

  • 40 years of investment experience
  • MBA from Wharton School, University of Pennsylvania

Prashant Chandran, CFA
Head of Derivatives at Western Asset

  • 18 years of investment experience
  • MBA from University of Chicago, Graduate School of Business

About Western Asset

Established in 1971, Western Asset is Legg Mason's largest global dedicated fixed income manager with US$433 billion of assets under management (as of 31 March 2017).
  • More Expertise: Approximately 125 investment professionals worldwide. Portfolio managers and analysts have an average of 20 years' investment experience.
  • More Opportunities: Our global structure provides investment ideas that are available for a variety of fixed income solutions.

For more Information

Email: LMNordicSales@leggmason.com
Phone: +44 207 070 7444