Western Asset Non-U.S. Opportunity Bond Portfolio
Western Asset Management Company
Western Asset's objective is to provide clients with diversified, value-oriented portfolios that are tightly controlled and managed for the long term. Western Asset believes inefficiencies exist in the fixed-income markets. By combining traditional analysis with innovative technology, the Firm attempts to add value by exploiting these inefficiencies across all eligible sectors.
Western Asset emphasizes the worth of active management by using multiple strategies, including active sector and issue selection, in an attempt to enhance value while preventing any one strategy's under performance from seriously impacting returns. Western Asset augments these strategies by engaging in opportunistic trading to exploit market inefficiencies over the course of an economic cycle. The Firm's philosophy centers upon a team approach. At Western Asset, fixed-income portfolios are managed by uniting groups of specialists dedicated to different market sectors. While the investment responsibilities of each group are distinct, successful implementation involves a fluid and inseparable interaction between them. This structure ensures that client portfolios benefit from a consensus shaped by the expertise of all the team members.
While good performance is important, Western Asset also feels that the management of risk is a crucial part of the investment process. To this end, Western practices a wide variety of methods to reduce it, aiming to approximate a benchmark's risk at the same time it attempts to exceed its returns. In addition, Western Asset employs a dedicated risk management team whose sole purpose is to ensure investment risk is monitored and controlled at all times.
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