Legg Mason aims for income

Legg Mason Investments is to launch an offshore Global Opportunities Bond fund, with the management outsourced to its US subsidiary Brandywine Asset Management. Due for launch in early October, the portfolio will be a sub-fund of the group's Dublin-domiciled Oeic and will mirror the Brandywine Global Fixed Income Product, a US-domiciled mutual fund that has a 10-year track record. It will be run by David Hoffman, managing director of portfolio analysis at Brandywine, and Stephen Smith, executive vice president of the group. Benchmarked against the Citigroup World Government Bond Inde...