Investments  

Legg Mason to rename onshore fund range

Legg Mason to rename onshore fund range

Legg Mason Global Asset Management has renamed its UK-domiciled range to reflect the name of the subsidiary managing the fund.

The move, set to come into force on June 28, is set to bring the UK range into line with the policy used for Legg Mason’s offshore funds, such as those domiciled in Dublin.

The firm said the change would “improve clarity around who is managing the underlying products that our clients invest in”.

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Under the new regime, for example, the Legg Mason Income Optimiser fund will become the Legg Mason IF Brandywine Global Income Optimiser fund, while the Legg Mason US Equity fund will become the Legg Mason IF ClearBridge US Equity fund.

The addition of the “IF” to each fund’s name is to distinguish the funds from Legg Mason’s offshore range.