Western Asset Emerging Markets Bond Fund
About The Fund
Investment Aim
The Fund seeks to maximise total return by investing primarily in a wide range of emerging market government and corporate debt, denominated in US dollars.
Performance Benchmark
JP Morgan Emerging Markets Bond Plus Index
- Invests principally in high yield debt issued by US companies.
- Focuses on higher quality bond issuers using rigorous credit analysis.
- Managed by one of the world's largest fixed income managers.
About the Investment Strategy
- The Fund is invested in a diversified portfolio of government and corporate bond issues across emerging fixed income markets in Latin America, Eastern Europe, Asia and Africa.
- It is focussed on higher quality bond issuers using rigorous credit analysis and an emphasis on higher quality debt.
- Risk is controlled through country and sector diversification together with close monitoring of economic and political developments.
- The Fund aims to maintain an average credit quality of BB+/Ba1.
About the Investment Team
Founded in 1971, Western Asset Management has decades of experience and is now one of the world's largest managers of fixed income investments. Western Asset Management follows a team-focused approach comprising groups of specialists dedicated to all the major areas of the fixed income market. Its expertise extends globally across major bond markets.
Risk Factors: Fluctuations in exchange rates can affect the value of the Fund and the income from it. Investment in a fixed income fund does not include security of capital which is characteristic of a deposit with a bank or building society. The Fund may invest in 'non-investment grade' bonds, which carry a higher degree of default risk than 'investment grade' bonds and may have an increased potential to erode capital. 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. Please refer to the offering document for Legg Mason Global Funds plc, which describe the full risk factors associated with this Fund