Legg Mason unveils Income Optimiser fund

Legg Mason has added a fixed income fund to its UK onshore range, to be run by its US-based subsidiary Brandywine Global.

The Legg Mason Income Optimiser fund will be managed by Gerhardt Herbert, Regina Borromeo and Brian Kloss, using Brandywine’s top-down, value-driven investment process. The fund will aim to maximise income in all market conditions over a rolling three- to five-year period through investment in sovereign debt, emerging markets, credit, mortgages and currencies. The launch will sit alongside the other two Brandywine funds in Legg Mason’s Dublin range. Adam Gent, head of sales at Legg Mason, said: “This fund launch is the next step in building out the UK onshore fund range, and follow...