Zenith adds Legg Mason Western Asset Australian Bond Fund to Elite Blends Portfolios


Andy Sowerby

The Legg Mason Western Asset Australian Bond Fund, with more than A$1 billion in funds under management, has been added to the Zenith Investment Partners’ Elite Blend portfolios.

David Wright, Managing Partner and joint founder of Zenith Investment Partners said: “We are pleased to include this Fund in our managed portfolios, the Elite Blends portfolios, as our preferred Australian Fixed Income strategy. It provides exposure to an actively managed portfolio of Australian bonds by Legg Mason affiliate Western Asset.

“Western Asset is one of the world’s leading fixed income managers, recognised for its approach that emphasises team-based decision making, and intensive proprietary research supported by robust risk management.

“We place this Fund in the ‘highly recommended’ rating category. We believe it is well positioned to generate returns through a range of active strategies including sector rotation, credit selection and, to a lesser extent, interest-rate and yield-curve positioning.

“Bonds form a key component of an investor’s portfolio and more specifically their exposure to the fixed interest asset class due to the defensive characteristics they exhibit. The Fund is considered appropriate for those seeking exposure to domestic fixed interest and for blending with international fixed interest strategies to produce a more balanced set of investment outcomes.

“Zenith continues to have high regard for the Fund’s Melbourne-based team and the leadership qualities of Anthony Kirkham, Head of Investment Management. Further, with a demonstrated track record with respect to the achievement of targeted objectives, Zenith considers the Fund to be among the strongest propositions within our rated Australian Fixed Income ‘Bonds’ peer group,”  said Mr Wright.

Andy Sowerby, Managing Director, Legg Mason Australia and New Zealand said: “We are proud to partner with the Zenith Consulting team who have recognised the strong investment capabilities of Western Asset alongside the diversification and defensive characteristics that this Fund brings to a portfolio, especially in today’s volatile market conditions.

“The Legg Mason Western Asset Australian Bond fund is 20-years old and has been awarded the Zenith Fixed Income Manager of the Year in its category for the past three years, and has consistently delivered returns for investors since inception,” said Mr Sowerby.

The Fund recently surpassed A$1 billion in funds under management and is also available as an Active ETF (ASX: BNDS) which debuted on the ASX in November last year.

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