Western Asset Local Markets Bond Fund - US$

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About the Fund

Investment Aim

To maximise total return, through income and capital appreciation, by investing primarily in debt securities denominated in various currencies. The Fund may invest in currencies other than its base currency.

Performance Benchmark

JPM GBI-EM Global Diversified
 
  • Invests in local emerging market debt securities.
  • Credit Quality: The Fund will invest in debt securities rated investment grade or below investment grade by an NRSRO and in unrated debt securities deemed to be of comparable quality.
 
 
 

About the Investment Strategy

  • Construct and maintain a diversified portfolio of government issuers predominantly in emerging market countries.
  • Value is added through issuer/issue selection and country rotation.
  • Interest rate and currency decisions are made separately.

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

pdf Annual Report
pdf Semi-Annual Report
pdf Full Prospectus
pdf Simplified Prospectus
pdf Prospectus Supplement
pdf Application Form
pdf Articles of Association
 
 

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.