The rebranding of mutual funds continues at Legg Mason
]. Morningstar reports
that the Baltimore-based fund firm's product team is eyeing merging four mutual funds.
The moves erase the Legg Mason brand from the funds, and put them under the Western brand.
The fund firm is putting the mergers up to a vote by their shareholders for a go signal. The mergers include:
Legg Mason Western Asset Core Bond (TRBAX) will merge with Western Asset Core Bond (WATFX),
Legg Mason Western Asset Core Plus Bond (SHMGX) with Western Asset Core Plus Bond (WACPX),
and Western Asset Limited Duration Bond (WALDX) will merge into Legg Mason Western Asset Limited Duration Bond (SBSTX).
Each of the three pairs of mutual funds above has a similar investment mandate and the same team of PMs, according to Morningstar.
The final merger is of more different funds: Legg Mason Western Asset Global Inflation Management (SBGLX) with Western Asset Inflation Indexed Plus Bond (WAIIX).
Correction: The original headline for this article was inaccurate. The Legg Mason funds are merging into the WAMCo funds and will carry the Western brand going forward.
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