Legg Mason holds income investment seminar in Malta for financial advisers

Legg Mason Global Asset Management last week launched its first investment seminar for financial advisers in Malta. Amanda Stitt and Ajay Dayal, Investment Directors at Legg Mason, spoke about Legg Mason’s vision on how advisers can best build income for their clients from both fixed income and equity solutions. They also gave examples on how their views are incorporated in funds offered by Legg Mason.

Legg Mason is one of the world’s largest asset managers with over $700bn under management as at March 31, 2014. Legg Mason launched into the Maltese market last September through local representative Jesmond Mizzi Financial Advisors Ltd.

In April, Legg Mason also launched its latest Global Investment Survey which, amongst other points, highlighted the importance globally for investors to achieve stronger returns on income-producing investments. It demonstrated a global income expectation gap of 3.3% (the difference between % return sought on income-producing investments (9.5%) and percentage return earned on income-producing investments (6.2%)) confirming a need for better income-producing solutions.

Gary Abela and Colette Camiller, Legg Mason Business Development Managers for Malta, commented: “We feel our strong and diverse product range is well positioned to provide solutions for Maltese investors, particularly focused on income-generating products. Legg Mason is backing the Maltese market with a major marketing push, including TV adverts, which shows that we are dedicated to helping advisers discover more and better quality income solutions for their clients.”

Jesmond Mizzi, Managing Director of Jesmond Mizzi Financial Advisors, said: “It is a big boost to the investment sector in Malta to have a major global asset manager like Legg Mason marketing several of their leading funds here and exchanging their views with advisers to provide returns for their clients. We are very pleased to be their local representative and believe that Legg Mason funds are well placed to be included in the portfolios of Maltese investors.”