30 April 2015 - Legg Mason is not like most global asset management companies. It is made up of a diversified group of global affiliates and, while their funds are branded 'Legg Mason', many are actually run by wholly-owned subsidiaries.
In order to better reflect the true underlying management, and provide more clarity for investors, Legg Mason are now renaming a number of their open-ended funds, including Legg Mason Japan Equity and Legg Mason Global Equity Income, which are both on the Chelsea Selection, as well as Legg Mason Global Blue Chip Bond and Legg Mason US Smaller Companies, which both appeared in the last RedZone.
The changes will take effect on 28th June 2015.
|OLD NAME||NEW NAME (EFFECTIVE DATE 28.06.15)|
|Legg Mason Income Optimiser||Legg Mason IF Brandywine Global Income Optimiser|
|Legg Mason US Equity||Legg Mason IF ClearBridge US Equity|
|Legg Mason IF ClearBridge US Equity||Legg Mason IF ClearBridge US Equity Income|
|Legg Mason Emerging Markets Equity||Legg Mason IF QS Emerging Markets Equity|
|Legg Mason UK Equity Fund||Legg Mason IF QS UK Equity|
|Legg Mason US Smaller Companies||Legg Mason IF Royce US Smaller Companies|
|Legg Mason Japan Equity||Legg Mason IF Japan Equity *|
|Legg Mason Global Equity Income||Legg Mason IF ClearBridge Global Equity Income|
|Legg Mason Global Blue Chip Bond||Legg Mason IF Western Asset Global Blue Chip Bond|
|Legg Mason Global Multi Strategy Bond||Legg Mason IF Western Asset Global Multi Strategy Bond|
*Legg Mason Japan Equity is run by Shiozumi Asset Management, which is not a wholly-owned subsidiary of Legg Mason.