Legg Mason renames sub-funds

Legg Mason Global Asset Management is renaming all the sub-funds within its Dublin-domiciled range to include the Legg Mason name.

The group says it is part of a global push to strengthen its brand while reinforcing its multi-affiliate model.

"The new naming convention helps to convey the uniqueness of our business model - a comprehensive range of asset classes managed by best of breed managers, twelve of which manage assets on behalf of our Dublin range," says Legg Mason managing director of international distribution, Terence Johnson.

"In short, it allows us to better communicate to investors Legg Mason provides access to a wide array of investment managers through a single point of contact."

The new naming convention will mean funds will now include ‘Legg Mason' as a prefix to the affiliate name and the fund's strategy. For example the Royce Smaller Companies fund will become the Legg Mason Royce Smaller Companies fund.

The changes are due to take place with immediate effect.