Legg Mason Martin Currie’s Equity Income Strategy added to HUB24

From

Andy Sowerby

Legg Mason, one of the world’s largest funds management groups, last week announced that the Legg Mason Martin Currie Equity Income Strategy has been added to the HUB24 platform via a Separately Managed Account (SMA).

Legg Mason Martin Currie’s Equity Income Strategy aims to provide a high growth and well diversified income stream. It also seeks to achieve inflation protection from increasing dividends and tax effectiveness through maximising franking benefits.

Legg Mason Managing Director, Australia and New Zealand, Andy Sowerby said: “The Legg Mason Martin Currie Equity Income SMA, is based on the same investment process as the highly successful Legg Mason Martin Currie Equity Income Trust launched in 2010. HUB24 is a fast-growing platform driven by its flexible technology and we are delighted to be bringing our best in class strategies to their investment platform to help meet their clients demand.”

Over the last three years to 31 March 2017 where the S&P/ASX 200 Index returned 7.53%p.a., the Legg Mason Martin Currie Equity Income Trust* delivered a total return of 11.57% (net of fees). Over the past 12 months the Trust has provided an income return of 7.01% before fees (with 1.77% franking credit), and a total net return of 21.21% (after fees).

The highly rated equity income strategy is led by Martin Currie Australia Chief Investment Officer, Reece Birtles. “We developed this strategy to address retiree longevity risk and help avoid the need to draw down on capital through retirement,” says Birtles. “We believe that a well-diversified portfolio of quality companies that can grow their dividends best meets this objective, without the need for costly protective overlays which can potentially impact returns and duplicate the diversification benefits from other asset classes.”

Birtles added: “The Legg Mason Martin Currie Equity Income Trust’s strong performance and increasing income return reflects the portfolios design and objectives”.

Lonsec’s ‘Highly Recommended’ rating and Zenith’s ‘Recommended’ of the Legg Mason Martin Currie Equity Income Trust are a solid endorsement of the strategy (which the SMA is based on).

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