Background

Legg Mason and its group of companies was acquired by Franklin Resources, Inc (a company of Franklin Templeton Investments) on 31 July 2020.  Subsequent to this acquisition, Franklin Templeton has announced a forthcoming change of ACD, together with fund name changes.

Details of changes

On 7 August 2021, the ACD of Legg Mason ICVC will change from Legg Mason Investment Funds Limited to Franklin Templeton Fund Management Limited.

Fund names will also change to reflect the new ACD, using the prefix “FTF” (Franklin Templeton Funds).  This affects two funds that are featured within The Adviser Centre, namely:

Existing Name                                                                                                                         New Name

Recommended List

Legg Mason IF Martin Currie Emerging Markets Fund                                   FTF Martin Currie Emerging Markets Fund

Established List     

Legg Mason IF Japan Equity Fund                                                                                FTF Martin Currie Japan Equity Fund

This change of ACD will not affect the investment objectives, policies or management styles of these funds and they remain on their designated lists within The Adviser Centre.