Legg Mason bringing fund trio to Hong Kong
The fund house is moving to register two corporate bond funds and a more unusual product in Hong Kong. Legg Mason affiliate Western Asset is also overweight China, bucking a recent trend.
US-based Legg Mason Global Asset Management is seeking to register three funds in Hong Kong and holds a bullish view on China's economy and potential demand, despite the recent fall in sentiment about the market there.
The products, which are awaiting approval, are a European high-yield fund; an emerging-market corporate debt fund; and a product comprising high-dividend global stocks, US real estate investment trusts and master limited partnerships in the US focused on energy util…
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