LeggMason adds new share class to value fund

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LeggMason Investors is to add a sterling share class to its Dublin-based North American Value fund r...

LeggMason Investors is to add a sterling share class to its Dublin-based North American Value fund run from the US by Bill Miller. Miller, who runs a total of $12bn in mutual fund monies using his value approach, has not previously been available to investors via a sterling share class. His US mutual fund has outperformed the S&P 500 for each of the last 10 discrete years. LeggMason is now unlikely to launch a UK-based onshore mirror version of the product. The $320m Dublin-based LeggMason fund is branded Strategic Value. LeggMason has recruited Kieran Gallagher from Newton as h...

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