Legg Mason funds 'recommended'
Ratings house Zenith Investment Partners has awarded three Legg Mason Australia funds 'recommended' ratings.
The fund manager announced the ratings last week saying Zenith's first rating of the Legg Mason Core Equity Trust resulted in a 'recommended' rating, while its rating of the Legg Mason Australian Real Income Fund remained stable.
It said the research house also upgraded the Legg Mason Property Securities Trust to 'recommended' in its 2013 Australian Property Securities sector review.
Commenting on the ratings, Legg Mason Australian Equities chief investment officer Reece Birtles said the three 'recommended' ratings represented a positive endorsement of Legg Mason's investment capabilities across multiple product strategies.
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