Legg Mason

OPM Fund Management has made a slew of fund changes in the past month, with Investec Asset Management among the main beneficiaries.

Legg Mason's Mary Chris Gay believes US large caps will be the best performers this year after being undervalued by sceptical markets.

Legg Mason Global Asset Management has appointed State Street to provide its fund administration and custodian services in the UK.

North American fund managers argue that US corporates offer the opportunity to benefit from rapidly growing emerging markets and thereby offer the best of both investment worlds

Legg Mason Equity Japan manager expects trend favouring domestic-oriented small-cap growth to continue

We remain constructive on the outlook for the US equity market over the next year and continue to see upside potential for the S&P 500 Index to between 1250 and 1350 by the end of 2010.

Over the course of the year, the Japanese stock market has continued to rise from its March low point, helped by a general improvement in investors' risk appetite and the release of more positive economic data.

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

Brazil will be one of the first countries to emerge from recession and is on track to become a global economic powerhouse, according to Legg Mason affiliate Batterymarch.

We continue to be bullish on the outlook for US equities over the next 12 to 18 months, but also continue to believe an intermediate market correction is increasingly likely. The only question is how severe it will be.