Legg Mason Western Asset Emerging Markets Bond Fund

Print Print
Adjust Font Size Increase font size Decrease font size    
 

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 of issuers located in emerging market countries. The Fund invests in emerging market debt securities across the major fixed-income sectors where the Sub-Investment Manager believes that the yield and potential for capital appreciation are sufficiently attractive in light of the risks of ownership of the obligation. In normal conditions at least 65% will be invested in US dollar denominated securities and at least 60% in government issued, or related securities.

Performance Benchmark

JP Morgan Emerging Markets Bond Index Plus
 
Class A Acc Class A Dis (Q) (Hedged)
NAV:USD 144.03SGD 1.041
High*USD 144.64SGD 1.056
Low*USD 74.78SGD 0.964
* Based on since inception month end prices
 
Fund Size:USD 232 Million
Current Yield^:6.55%
Number of Holdings:122
Weighted Average Life12.98 years
Effective Duration8.09 years
S&P Credit Quality:BBB-
^Current yield (gross of expenses), is not representative for an individual share class as the yield does not deduct the Total Expense Ratio or any applicable taxes and other locally applied costs.
All data are as of 31 March 2012.
 
 
 

About the Investment Strategy

  • The Fund is invested in a diversified portfolio of government and corporate bond issues across emerging fixed income markets in Latin America, Eastern Europe, Asia and Africa.
  • Risk is controlled through country and sector diversification together with close monitoring of economic and political developments.
  • The Fund aims to maintain an average credit quality of BB+/Ba1.

    • 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

    Fact Sheet
    Prospectus
    Product Highlight Sheet
    Annual Report
    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.

    The Fund may invest in certain types of derivatives. Please refer to the prospectus for more information.

    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.