Legg Mason Western Asset Asian Opportunities Fund

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About The Fund

Investment Aim

The Fund seeks to maximise total return through income and capital appreciation by investing at least 70% of its Total Asset Value in debt securities issued by Asian issuers and in derivatives on Asian interest rates and currencies. The Fund seeks to achieve its investment objective by investing primarily in debt securities of issuers located in a number of different Asian and emerging Asia/Pacific countries. The types of derivatives that the Fund may use include options, futures, swaps and forward currency exchange contracts.

Performance Benchmark

HSBC Asian Local Bond Overall Index
 
Class A AccClass A Dis (D)
NAV:USD 118.69USD 109.81
*HighUSD 121.87USD 113.38
*LowUSD 89.81USD 88.85
* Based on since inception month end prices
 
Fund Size:USD 206 Million
30-Day Yield^:Class A Dis (D) 3.41%
Number of Holdings:135
Weighted Average Life5.99 years
Effective Duration4.66 years
S&P Credit Quality:BBB+
^Annualised. The 30-day yield is a measure of the average net actual investment income per share, earned over a specific 30-day period, expressed as a percentage rate.
All data are as of 30 June 2010.
 
 
 

About the Investment Strategy

  • Focus on duration, local currency issues, and sector allocation
  • Long-term and value orientation
  • Diversified strategy

    • 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 Fact Sheet
    pdf Prospectus
    pdf Annual Report
    pdf Interim Report
     
     

    This document, prepared by Legg Mason Asset Management Singapore Pte. Limited ("Legg Mason"), is for information only and does not constitute an offer nor solicitation to buy or sell any units of the Fund. The prospectus of the Fund is available and may be obtained from Legg Mason or its authorised distributors. Investors should read the prospectus prior to any subscription. All applications for units in the Fund must be made on the application forms accompanying the prospectus. An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. The value of units and the income accruing to the units, if any, may fall or rise and past performance is not necessarily a guide for future performance.

    All opinions and estimates in this document constitute Legg Mason's house view as of the date of this document and is subject to change without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.

    Distribution of this document may be restricted in certain jurisdictions; persons into whose possession this publication comes should inform themselves of and observe such restrictions. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute this document. This Fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.