Asean Equities

Legg Mason Martin Currie
Southeast Asia Trust

The Case for Asean Equities

Diversity and vibrancy in and from ASEAN

ASEAN is right in the geographic heart of the world’s most vibrant area bounded by India  in the West; China, Japan and South Korea in the Northeast; and Australia and New Zealand in the South. Among the 10-member group, 5 core economies (known as ASEAN-5: Singapore, Indonesia, Malaysia, Thailand and Philippines ) supported by superior growth rates and showing resilience during global financial turbulence, may look much more attractive than developed markets or even the broader Asia ex-Japan market.

  • Economic momentum remains solid with regional GDP growth above 5% year-over-year in 1Q18

  • The region continues to benefit from resilient domestic demand with intra-ASEAN trade leading the way

  • The skilled and young population will be a key driver of growth in the longer term.

  • Foreign reserves are in a much better position now compared to Global/Asian financial crises

  • ASEAN is the important gateway for the world to the most vibrant Asia-Pacific and vice versa.

Blossom with Legg Mason Martin Currie Southeast Asia Trust

The objective of Legg Mason Martin Currie Southeast Asia Trust is to achieve medium to long-term capital appreciation by investing at least 70% of the Trust in securities issued by companies that are incorporated, domiciled or listed, or have a significant economic interest, in South and South-East Asia countries.

We use a High Conviction Approach to Capture Asean Alpha.
Key Fund Features include:
Contact us

Legg Mason Asset Management 
Singapore Pte. Limited

1 George Street #23-02
Singapore 049145

Funds Hotline: +65 6536 8000
Fax: +65 6317 8947 

1. Source: Legg Mason, as at 30 September 2019.
Source: Legg Mason and Martin Currie, as of 30 September 2019.  This document, provided by Legg Mason Asset Management Singapore Pte. Limited (“Legg Mason”) (Registration Number (UEN): 200007942R), is for information only and does not constitute an offer or solicitation to buy or sell any units in any fund.
The prospectus of the fund is available and may be obtained from Legg Mason or its authorised distributors. Investors should check with Legg Mason or its authorised distributors on whether a particular class of the fund is available for subscription. 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.  Past performance is not necessarily indicative of future performance. All investments involve risk, including possible loss of principal. The value of the units in the fund and the income accruing to the units, if any, may fall or rise.
The Fund may invest in derivatives for hedging and/or efficient portfolio management purposes, and transferable securities embedding a financial derivative may be used for the purposes of hedging, efficient portfolio management and/or optimising returns. The Fund’s net asset value may have higher volatility characteristics as a result of its portfolio management style. Please refer to the prospectus for more information.
The minimum CPF interest rate for the Ordinary Account (OA) is 2.5% per annum. As announced in September 2018, the Government will maintain a 4% per annum minimum rate for interest earned on all Special Account (SA) and Medisave Account (SMA) and Retirement Account (RA) monies until 31 December 2019. Thereafter, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% per annum unless otherwise announced by the Government. The first S$60,000 of your combined CPF accounts earns an extra 1% interest. To enable members to earn extra interest, only monies in excess of S$20,000 in your OA and S$40,000 in your SA can be invested. Please visit the CPF Board website for information on how the CPF interest rate is calculated.
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.
Distribution of this document may be restricted in certain jurisdictions. Any persons coming into possession of this document should seek advice for details of, and observe such restrictions (if any). 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 such a document or make such an offer or solicitation.  This fund is not available to US citizens, residents or greencard holders and may not be available in all jurisdictions.
Neither Legg Mason nor any officer or employee of Legg Mason accepts any liability whatsoever for any loss arising from any use of this document or its contents. The information in this document is proprietary and may not be used other than by the intended user. This document may not be reproduced, distributed or published without prior written permission from Legg Mason.
The mention of any individual securities / funds should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities / funds is not a sufficient basis upon which to make an investment decision. Portfolio allocations, holdings and characteristics are subject to change at any time. Although information has been obtained from sources that Legg Mason believes to be reliable, no guarantee can be given as to its accuracy and such information may be incomplete or condensed and may be subject to change at any time without notice. Legg Mason, its affiliates, officers or directors, may have an interest in the acquisition or disposal of the securities mentioned herein.
The views expressed are opinions of the portfolio managers as of the date of this document and are subject to change based on market and other conditions and may differ from other portfolio managers or of the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice.
This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.