Legg Mason Investments has added a global equity vehicle to its Dublin-domiciled global fund range....
Legg Mason Investments has added a global equity vehicle to its Dublin-domiciled global fund range.
Brandywine Global Equity, which invests in stocks with a market capitalisation of more than $100m, will come under the group's subsidiary Brandywine Global Investment Management.
The sub-fund will be made up of 50 to 100 stocks from developed and emerging markets across all market sectors and capitalisations.
The manager will use a value-oriented investment approach and in-depth analysis of companies to identify securities that are trading below their normal valuation and expectations.
Brandywine will also pursue a strict stock screening process, using quantitative and fundamental analysis methods, to identify stocks with key components such as valuation, profitability and long-term recovery.
Adam Spector, managing director of Brandywine, said: "Value-oriented investment strategies can provide excellent risk-adjusted returns over full investment cycles. Using a common value framework across multiple markets allows a more consistent approach in today's global investment climate."
Minimum investment for the fund, which carries charges of up to 5% initial and 1.35% annual, is $10,000.key points
Legg Mason launches global equity fund
Fund managed by its subsidiary Brandywine
Will take value-oriented approach with in-depth analysis
And then prepare yourself
Aims to double client base
Work with wealth management team
Reduces chances of rate hike
'Following the letter, but not the spirit, of the rules'