Legg Mason 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

Citigroup World Government Bond Index (S$) ex-Japan

CPF Investment Scheme

Included under the CPF Investment Scheme (Ordinary and Special Account).
CPF Investment Scheme - List A Fund
 
Unit NAV
NAV:SGD 1.173
High*:SGD 1.246
Low*:SGD 0.835
*Based on since inception month end prices.
 
Fund Size:SGD 324 million
All data are as of 30 June 2010.
 
 
 

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 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, Medisave and Retirement Accounts (SMRA) will be pegged to the 12-month average yield of 10-year Singapore government securities plus 1%. For the year 2010, the minimum interest rate for the SMRA is 4.0% per annum. After 31 December 2010, the 2.5% per annum minimum interest rate, as prescribed by the CPF Act, will apply to the SMRA. 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. With effect from 1 July 2010, the first S$40,000 in the CPF Special Account will not be allowed to be invested under the CPFIS.

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.