View more on these topics

ClearBridge plans Dublin mirror of Tactical Dividend Income fund

Portfolio-Bonds-Investment-Business-700x450.jpg

ClearBridge Investments is planning to launch a Dublin-domiciled version of the $322.3m ClearBridge Tactical Dividend Income fund, Money Marketing understands. 

The fund will be managed by ClearBridge Investments managing director and portfolio manager Peter Vanderlee and fund manager Mark McAllister, who have managed the US-domiciled original since January 2012.

ClearBridge, a wholly owned subsidiary of Legg Mason Asset Management, says the new fund is still subject to regulatory approval. 

Describing the launch as “imminent”, Vanderlee says the Dublin-domiciled fund will have a “three pronged approach towards getting income and income growth”.

The new fund will closely follow the US original’s weighting towards energy master limited partnerships and real estate investment trusts – each currently with 24.4 per cent and 15.1 per cent exposure respectively. 

Vanderlee says: “We are going to launch a new programme called the Tactical Dividend Income fund.

“This will be a Dublin filing and it will happen very very soon. We are excited about it as we will bringing to bear a three-pronged approach within this fund. Energy MLPs, REITs and common stocks also have a low correlation to each other. So you are attaining further diversification of your portfolio which from a risk perspective is very desirable.”

Vanderlee is aiming to replicate the same investment approach adopted in the existing version of the fund. According to the fund’s fact sheet: “The fund’s portfolio managers combine bottom-up stock selection with top-down thematic overlay to construct a diversified portfolio with the goal of generating high current income.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com