LeggMason fund landmark

Monthly Income fund celebrates fourth birthday with year-on-year top-quartile performance

LeggMason Investors' Monthly Income fund has reached its fourth birthday, producing top-quartile performance in every year of its existence. The Standard & Poor's A-rated fund has posted growth of 20.16% over the three years to the 22 February, bid to bid, compared to an IMA UK Other Bond sector average of -8.03%, ranking it second out of 13 funds in the sector. Chris White, manager of the £29m fund since launch, said it is diversified throughout a range of asset classes, including investment grade corporate bonds, high yield, equities, convertibles and at times preference shares. Wh...