Active to the Core
Because bond markets can be unpredictable, Western Asset consistently applies the same core investment philosophy.
The firm’s consistent approach helps eliminate the distraction of short-term market noise and focuses on identifying the areas of greatest potential value. Western’s differentiated market viewpoint and value investing style helps separate Western Asset's approach to Core Plus Bond investing from a more conventional approach.
Combining Western’s top-down macro insights and intensive bottom- up fundamental analysis helps identify sectors and securities that are undervalued.
Diversified Sources of Return
Western’s actively managed strategy may offer investors greater potential return opportunities and improved risk characteristics through broader, opportunistic exposure to a wide range of bond sectors.
100% Active Management
Western’s global, active, fixed income specialists utilize a team-based approach emphasizing team management and intensive proprietary research, supported by robust risk management.
Western's approach seeks to maximize total return via well-diversified, long-term, value-based core fixed income solutions that can include limited opportunistic exposure to the “plus” sectors: high-yield, non-US and emerging market debt.
Western Asset’s investment process is designed to identify undervalued securities from a range of complementary sectors, which may enhance current income and capital appreciation potential—the pillars of total return. Western deploys multiple diversified strategies that benefit in different environments so no one strategy dominates performance.
Risk management is fundamental to successful portfolio management. Western integrates risk management throughout the portfolio construction process and beyond. Western believes that continually blending long-term value opportunities with multiple diversified strategies has been critical to meeting clients' investment objectives within their tolerances for risk.
Western Asset believes the dedication of all of their resources to active fixed income can provide superior investment capabilities and service to its clients. Western believes that active, value-driven investing can potentially add significant return and reduce portfolio volatility over multiple market cycles.
The slow but steady recovery since the financial crisis continues to make progress; looking ahead, we expect another 2+% growth year in 2018, perhaps better with the new tax law. The fundamental investment backdrop is exceptional, but prices are high — so sector and security selection remain key.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Fixed-income securities involve interest rate, credit, inflation, and reinvestment risks; and possible loss of principal. As interest rates rise, the value of fixed-income securities falls. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. Active management and diversification do not ensure a profit or protect against market loss.
All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks associated with hedge funds, alternative investments and other risks, performance and other important information. Review this information carefully before you make any investment decision.