More investors trust the media on investment than robo-advice services despite the rising numbers of start-ups and established companies entering the online space, according to Legg Mason’s 2016 Global Investment Study.
Global asset management firm Legg Mason has merged its subsidiary Martin Currie Global Funds (MCGF) into its Legg Mason Global Fund (LMGF), as part of a move to exploit greater economies of scale, the firm has revealed.
Axa IM has rejigged its distribution range management team; while Cyrus Investment Management added prestige to its advisory board with a senior military figure and a political heavyweight. Meanwhile, companies across the financial sector strengthened their sales and marketing teams as we move ever deeper into 2016.
Regionally focused small and mid-cap equity funds have filled a gap in the armour of RL360° following its recent annual review of four of its main investment vehicles.
Global asset management firm Legg Mason has announced plans to cut out trail commissions on its UK authorised funds effective from 1 April 2016 in line with the rules set down in Retail Distribution Review (‘RDR’).
Legg Mason subsidiary Western Asset is launching two flexible fixed income funds for investors seeking returns from bonds in the current low rate environment while looking for some protection from principal losses.
Baltimore-headquartered Legg Mason Global Asset Management announced Friday that it has acquired majority stakes in EnTrust Capital and Clarion Partners and a minority stake in Precidian Investments, as it seeks to diversify its offering in the face of rising costs.
Asian investors seek income products but are too focused on “familiar income-producing asset classes”, according to a Legg Mason survey report.
The gap between investors income expectations and the actual returns they receive has grown over the last year.
Legg Mason affiliate Royce is considering stemming inflows to its $1.3bn (£780m) UK Small Cap Opportunity fund as it nears capacity.
Western Asset Management Company has promoted Chia-Liang Lian to the role of co-head of the emerging markets debt team.
Legg Mason has announced plans to buy QS Investors for an undisclosed sum.
