Brandywine pursues one investment approach: value investing. Through practical experience, Brandywine has determined that value-style investing — whether in equity or fixed income markets, in the US or internationally — can provide excellent risk-adjusted returns over full investment cycles, and it is a particularly important strategy in today's global markets.
Fixed Income

Brandywine believes it can seize opportunities and aim for long-term returns through strict adherence to its value-driven process by concentrating portfolio assets in countries and currencies that meet its definition of value. Brandywine will avoid constructing portfolios that mirror the benchmark on the basis that a country weighting in a benchmark is not reflective of the value of the underlying fixed income market.

As a result, when looking at fixed income markets, Brandywine will focus on:

  •  Investing in bonds with the highest real yields
  •  Managing currency to increase returns
  •  Rotating among countries to find the best value in fixed
     income markets around the globe
  •  Controlling risk through the purchase of undervalued securities

Brandywine Global Investment Management (Brandywine) is affiliated with Legg Mason Investments (Europe) Limited through common control and ownership by Legg Mason, Inc. Legg Mason Investments (Europe) Limited provides its clients with access to Brandywine primarily through its UK and Ireland domiciled funds, in which Brandywine serves as investment manager.