Legg Mason has relaunched the IF Western Asset Global Blue Chip Bond fund as the Retirement Income Bond fund, to meet the needs of retirees.
The fund's name was changed on 24 November 2015, as well as its objective and investment policy. Now called the Legg Mason IF Western Asset Retirement Income Bond fund, the vehicle aims to achieve an attractive monthly income, while providing capital preservation via strategic asset allocation to reduce risk. It is targeted at investors in the run-up to retirement and post-retirement. The portfolio is made up of a fixed allocation to global investment grade corporate bonds, global high yield bonds and gilts. Its relaunch comes after new options for retirement have become available ...
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