Legg Mason Western Asset Global Bond Trust

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About The Fund

Investment Aim

To maximise total returns in Singapore Dollar terms over the longer term by investing in a portfolio of high quality debt securities of Singapore and major global bond markets such as the G10 countries and Australia and New Zealand.

Performance Benchmark

With effect from 1 April 2011, benchmark is Citigroup World Government Bond Index ex-Japan (Hedged to S$)

CPF Investment Scheme

Included under the CPF Investment Scheme (Ordinary and Special Account).
CPF Investment Scheme - List A Fund
 
Unit NAV
NAV:SGD 1.198
High*:SGD 1.246
Low*:SGD 0.835
*Based on since inception month end prices.
 
Fund Size:SGD 336 million
All data are as of 31 December 2011.
 
 
 

About the Investment Strategy

  • The Fund aims to outperform the Benchmark
  • The fund invest in a diversified portfolio of high quality AAA rated government debt to keep risk low while generating enhanced returns
  • Adopt the total return approach with dividends and capital gains reinvested so as to enhance overall capital growth.
  • The investment manager will take an active but prudent approach which employs fundamental economic and market analysis to take maximum advantage of short and medium to long term investment opportunity in interest rate and currency trends of the global bond markets.

About the Investment Team

Founded in 1971, Western Asset has decades of experience in fixed income investing and is now one of the world's largest managers of fixed income investments. Western Asset follows a team-focused approach comprising groups of specialists dedicated to all the major areas of the fixed income market. Western's expertise also extends across all of the world's major bond markets.

 
 

This document, prepared by Legg Mason Asset Management 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 Fund may invest in derivatives for hedging or efficient portfolio management purposes. Please refer to the prospectus for more information.

The CPF interest rate for the Ordinary Account (OA) is based on the 12-month fixed deposit and month-end savings rates of the major local banks. Under the CPF Act, the Board pays a minimum interest of 2.5% per annum when this interest formula yields a lower rate. The interest rate for the Special and Medisave Accounts (SMA) is pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%. The interest rate to be credited to the Retirement Account (RA) will be the weighted average interest of the entire portfolio of Special Government Securities (SSGS) the RA savings are invested in which earn a fixed coupon equal to the 12-month average yield of the 10YSGS plus 1% of the point of issuance. For 2010 and 2011, the minimum interest rate for the SMA and RA is 4.0% per annum. After 31 December 2011, the 2.5% per annum minimum interest rate, as prescribed by the CPF Act, will apply to the SMA and RA. In addition, the CPF Boardwill pay an extra interest rate of 1% per annum on the first S$60,000 of a CPF member's combined balances, including up to S$20,000 in the OA. The first S$20,000 in the OA and the first S$30,000 in the Special Account may not be invested under the CPFIS.

Investors should note that the applicable interest rates for each of the CPF accounts may be varied by the CPF Board from time to time. Subscriptions using CPF monies shall at all times be subject to inter alia regulations and such directions or requirements imposed by the CPF Board from time to time.

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.