Legg Mason merges Martin Currie funds into UK range

Legg Mason has merged eight Martin Currie equity funds into its UK fund range following shareholder approval.

The asset manager, which acquired Martin Currie in October last year, now has 18 funds in its ICVC fund range and an additional £500m in assets.

The Martin Currie funds will retain their branding but will be prefixed with the abbreviation IF (Investment Funds) in keeping with the naming convention for Legg Mason’s UK onshore range.

Sitting alongside products from Legg Mason subsidiaries including Brandywine, ClearBridge, Royce, QS Investors and Western Asset, the integrated funds cover asset classes such as Emerging Markets, European and Global equity income, and Chinese, Asia Pacific, global, US and Japanese equities.

Adam Gent, head of UK sales at Legg Mason, says: “We have now integrated Martin Currie’s range of funds into our existing UK-domiciled range following approval from shareholders.

“The integration of the Martin Currie funds significantly enhances our ICVC range and means we can now offer our investors access to a wide array of compelling strategies. At the same time we’ve introduced our new naming convention across our product range to create consistency and ensure our clients can immediately identify the underlying investment manager of each fund.”