Legg Mason has renamed its £87.2m Strategic Bond fund to more adequately reflect its underlying investments.
As of today, the vehicle will be known as the Legg Mason Sterling Corporate Plus Bond fund.
Part of the Legg Mason Funds ICVC range, the Western Asset Management run offering is down 5.56% over the year to 31 May.
The Sterling Corporate Plus Bond fund has at least 70% corporate bond exposure, as well as limited access to fixed income securities with higher alpha-generating capabilities.
Legg Mason also recently launched a second fixed income vehicle, the Global Multi Strategy Bond fund.IFAonline
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