About The Fund
Investment Aim
To provide long-term capital appreciation by investing in global equity securities with market capitalisations greater than US$100 million.
Performance Benchmark
MSCI World Net Dividends Index
- Invests primarily in quality companies that are undervalued.
- Highly experienced investment team.
- Standard & Poor's fund management rating: A.
About the Investment Strategy
- Based on a value orientated approach, the Fund invests globally in quality companies that are trading at low prices relative to their intrinsic value.The investment manager takes an opportunistic exposure through emerging market equities.
- Bottom-up stock selection is the key driver behind portfolio construction and benchmark hugging is avoided.
- All-cap approach, investing in companies with a market value greater than US$100 million.
- Disciplined fundamental analysis employed to identify stocks for investment, with the focus on long-term value.
- The Fund takes a focused approach and aims to hold between 50 and 100 holdings.
About the Investment Team
The global and international equity team at Global Currents Investment Management has a long history of investing in global equity markets. The key members have an average of 20 years' experience gained through many market cycles.
Effective 3 June 2008, Global Currents Investment Management, LLC ("GCIM") succeeded Brandywine Global Investment Management, LLC ("Brandywine") as sub-investment manager of this Fund. Both entities are wholly owned subsidiaries of Legg Mason, Inc. The key global equity investment personnel managing this Fund within Brandywine have transitioned to GCIM and continue managing the Fund following the succession.
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. The Fund may invest in emerging markets that may be less liquid and may have less reliable custody arrangements than mature markets and may involve a higher degree or risk. The Fund may select fewer equities in which to invest and this concentration carries more risk than funds investing in a larger number of companies. Please refer to the offering document for Legg Mason Global Funds plc, which describes the full risk factors associated with this Fund.