Legg Mason launches offshore version of Income Optimiser

The newly launched Ireland-domiciled Legg Mason Brandywine Global Income Optimiser is a mirror version of the onshore fund. The only difference is the onshore vehicle's obligation to have at least 80% of the fund in sterling under the rules of the IMA £ Strategic Bond sector, which the offshore fund does not have to follow. The two funds have a total return focus and aim to preserve capital as well as achieve a high level of income. The strategy invests in a diverse range of fixed income and uses derivatives and currency swaps to hedge against various market conditions. In recen...