Page d'accueil
| Centre de ressources
| Western Asset Global Bond Fund – Ex UK
Western Asset Global Bond Fund – Ex UK
Ajuster la taille de la police
About the Fund
Investment Aim
To maximise total return through income and capital appreciation by investing primarily in the non-sterling denominated global fixed income markets. The Fund will invest at least 80 per cent of its Total Asset Value in non-pounds sterling denominated debt securities listed or traded on Regulated Markets, with a bias toward non-sovereign debt securities, including corporate debt securities and mortgage-backed securities.
Performance Benchmark
No benchmark has yet been assigned as this fund is not yet seeded
- Invests primarily in non-pounds sterling denominated debt securities across global fixed income markets
- Focus on investment grade securities
- Average duration 3-7 years
- Credit quality: The Investment Manager will only purchase investments that are rated at least investment grade by a nationally recognised statistical rating organisation (NRSRO).
About the Investment Strategy
- Construct a portfolio using global fixed-income markets and currencies with a bias towards non-sovereign securities, especially corporate and mortgage-backed securities.
- Value is added through block and currency allocation as well as sector concentration and issue selection.
- Portfolio risk is controlled through broad diversification across markets/sectors, duration control and active hedging of currency exposure.
- The portfolio will not invest in sub-investment grade securities.
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 Institutional Funds plc, which describe the full risk factors associated with this Fund.
On 1 October, the above sub-fund changed from using the abbreviation 'WA' in the fund name (e.g. 'WA Emerging
Market Debt Fund') to 'Western Asset' (e.g. 'Western Asset Emerging Market Debt Fund').
The current prospectus in effect for France still refers to the old fund name, but will be updated shortly.