Legg Mason included on BT Wrap
Distinctive Legg Mason product, the Legg Mason Australian Real Income Fund has been added to the BT Wrap platform.
The company said the fund had been added to both BT's Investment Wrap and SuperWrap.
The Legg Mason fund is regarded as distinctive because of its selection of real assets - listed property, infrastructure and utilities - with the goal of providing an income return 20 per cent higher than the yield of stocks in the S&P/ASX 200 Index.
Commenting on the inclusion of the fund on the BT Wrap, Legg Mason portfolio manager Ashton Reid said it reflected growing demand from advisers for new choices in the income space.
The Fund forms part of Legg Mason's income solution portfolios that have $521 million invested.
AUTHOR
Staff Writer
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
