Changes to the Legg Mason Martin Currie Global Equity Income fund
20 October 2016
Legg Mason has told us that it is planning to make changes to the investment objective of the Legg Mason Martin Currie Global Equity Income fund on 2 November 2016. These changes are still subject to a shareholder vote*.
The fund's objective will change from:
“To provide an annual yield in excess of the MSCI World Index (NET) as well as the potential for capital appreciation by investing in securities of companies listed globally. Although the Fund seeks to provide an annual yield in excess of that of the MSCI World Index (Net) as well as the potential for capital growth, this objective is not guaranteed; the objective may not be achieved; the Fund may experience negative returns and investors may not get back the amount originally invested.”
TO
“To achieve income, with the potential for capital growth over the long term by investing in securities of companies listed globally”.
For full details of the changes, please click on the following link:
*The proposal was passed by shareholders on 28 October.