Legg Mason rolls out real income fund for HK investors

The fund invests in a blend of REITs, utilities, and infrastructure.

Global asset management firm Legg Mason has opened its Legg Mason Martin Currie Asia Pacific ex Japan Real Income Fund (APRI) to investors in Hong Kong, a press release revealed. This will be managed by Martin Currie, one of Legg Mason’s nine investment affiliates.

APRI claims to take up an income generation-based strategy and benchmark-unaware portfolio construction approach to provide sustainable dividend payouts with lower volatility compared to broader equity markets, as well as relatively higher yields over fixed income assets in a low-rate environment.

The press release added that there are currently 36 monopolistic and domestically-focused assets with little external risk under the fund’s portfolio, including CLP Holdings and Guangdong Investment in Hong Kong, Mapletree Industrial Trust in Singapore, Transurban Group in Australia and Digital Telecommunications Infrastructure Fund in Thailand.