Legg Mason Asian Enterprise Trust

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About The Fund

Investment Aim

To seek long-term capital appreciation of the assets of the Trust by investing primarily in equity securities of corporations in Asia (excluding Japan) with an emphasis on such corporations whose equity capitalisation is, in the view of the Managers, small to medium at the time of investment in relation to any of the markets in Asia (excluding Japan) in which the Trust is permitted to invest.

Performance Benchmark

MSCI AC Far East ex Japan (SS$)

CPF Investment Scheme

Included under the CPF Investment Scheme (Ordinary Account)

	Unit NAV
NAV:	SGD 1.232
High*:	SGD 3.607
Low*:	SGD 0.560
*Based on since inception month end prices.

Fund Size:	SGD 149 million

About the Investment Strategy

The Fund places most emphasis on identifying the best investment opportunities and on calibration of the right investment weigh to develop a focused and yet adequately diversified portfolio.
Targets excellent returns by generating original investment insights early and consistently and seeking to profit from inefficiently priced stocks.
The Fund may invest in countries like Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Pakistan, the Philippines, Singapore, Sri Lanka, Taiwan, Thailand and any other countries in Asia (excluding Japan).

About the Investment Team

With offices in London, Singapore, Hong Kong, Tokyo, New York, Sao Paulo, Warsaw and Melbourne, Legg Mason International Equities has investment teams with extensive track records located in markets around the world. The team focus is on managing Asian Equities.

General Fund Literarture

Fact Sheet
Fact Sheet (Chinese)
Prospectus
Annual Report
Interim Report

This document, prepared by Legg Mason International Equities (Singapore) Pte. Limited ("Legg Mason"), is for information only and does not constitute an offer nor solicitation to buy or sell any units of the Fund. The prospectus of the Fund is available and may be obtained from Legg Mason or its authorised distributors. Investors should read the prospectus prior to any subscription. All applications for units in the Fund must be made on the application forms accompanying the prospectus. An investment in the Fund is subject to investment risks, including the possible loss of the principal amount invested. The value of units and the income accruing to the units, if any, may fall or rise and past performance is not necessarily a guide for future performance.

The CPF interest rate for the Ordinary Account is based on the 12-month fixed deposit and month-end savings rate of the major local banks. With effect from 1 January 2008, an additional 1% per annum will be paid on the first S$60,000 of a CPF member's combined balances, including up to S$20,000 in the Ordinary Account. In addition, the interest rate for the CPF Special Account will be pegged to the yield of 10-year Singapore government bond plus 1%. Nevertheless, the CPF Board will pay a legislated minimum annual interest rate of 2.5% on the CPF Ordinary Account and for 2008 and 2009, a minimum annual interest rate of 4.0% on the CPF Special Account.

All opinions and estimates in this document constitute Legg Mason's judgement as of this date and are subject to change without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.

Distribution of this document may be restricted in certain jurisdictions; persons into whose possession this publication comes should inform themselves of and observe such restrictions. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute this document. This Fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.