Zenith adds Legg Mason’s fund to its portfolio


The Legg Mason Western Asset Australian Bond Fund, with more than $1 billion in funds under management, has been added to the Zenith Investment Partners’ Elite Blend portfolios.
Zenith’s managing partner and joint founder, David Wright, said that the fund was Zenith’s preferred Australian Fixed Income strategy, due to its approach that emphasised team-based decision making and intensive proprietary research supported by risk management.
“We place this fund in the ‘highly recommended’ rating category. We believe it is well-positioned to generate returns through a range of active strategies including sector rotation, credit selection and, to a lesser extent, interest-rate and yield-curve positioning,” he said.
“The fund is considered appropriate for those seeking exposure to domestic fixed interest and for blending with international fixed interest strategies to produce a more balanced set of investment outcomes.”
The fund, managed by Anthony Kirkham, was also considered to be among the strongest propositions within Zenith’s rated Australian Fixed Income ‘Bonds’ peer group’.
“We are proud to partner with the Zenith Consulting team who have recognised the strong investment capabilities of Western Asset alongside the diversification and defensive characteristics that this Fund brings to a portfolio, especially in today’s volatile market conditions,” Andy Sowerby, managing director, Legg Mason Australia and New Zealand, said.
The fund recently surpassed $1 billion in funds under management and was also available as an Active ETF which debuted on the Australian Securities Exchange (ASX) in November last year.
Recommended for you
With Q1 of the 2025 calendar year coming to a close, the Australian funds management industry has seen a range of major appointments and departures.
Nearly half of wealth managers across the globe say offering access to private market funds is integral to their growth plans, Natixis Investment Managers has uncovered.
Boutique fund manager and responsible investment specialist Pella Funds Management has expanded its offering by allowing direct access to investors in New Zealand for the first time.
The global alternative asset manager has welcomed an experienced distribution lead to its leadership team.