Legg Mason funds added to Praemium
Legg Mason has announced that 10 of its managed funds have been now added to the Praemium’s platform in Australia and will be available via its Separately Managed Accounts (SMA).
Under terms of the deal, advisers and their clients would be offered an access to a number of funds across equity, fixed interest and multi-asset classes, the firm said.
The announcement included the following funds:
- Legg Mason Brandywine Global Income Optimiser Fund
- Legg Mason Martin Curries Emerging Markets Fund
- Legg Mason Martin Currie Diversified Growth Fund
- Legg Mason Martin Currie Diversified Income Fund
- Legg Mason Martin Curries Core Equity Fund
- Legg Mason Martin Currie Ethical Income Fund
- Legg Mason Martin Currie Select Opportunities Fund
- Legg Mason QS Investors Global Equity Fund
- Legg Mason Western Asset Global Bond Fund
- Legg Mason Western Asset Macro Opportunities Bond Fund
Praemium’s chief executive, Michael Ohanessian said: “We welcome the Legg Mason funds onto our platform. As a leading managed account provider with more than $7 billion in funds on platform in Australia and internationally, we are always seeking to partner with leading fund managers so the Praemium SMA continues to provide best-of-breed options to financial advisers and their clients.”
Andy Sowerby, Legg Mason’s managing director, said that Legg Mason continued to see a demand in its funds and that the financial advisers were drawn to the firm’s investment affiliates, especially Western Asset, Martin Currie, Brandywine Global and QS Investors, due to their competitive pricing and high ratings.
AUTHOR
Oksana Patron
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
