Legg Mason products on Macquarie Wrap


Legg Mason has had two of its products included on Macquarie Wrap’s separately managed account (SMA) investment option.
The fund manager announced today that the Martin Currie Real Income and Equity Income Funds were now available on the SMA investment option.
Commenting on the development, Legg Mason managing director, Australia and New Zealand, Andy Sowerby said inclusion of the products on the platform reflected growing demand from investors who were keen to access income generating strategies in the current low yield, low return environment.
“The Legg Mason Martin Currie Equity Income and Real Income SMAs are based on the same investment process as the highly successful funds launched in the Australian market a few years ago, managed by specialist equity manager, Martin Currie Australia,” he said.
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.