It has been announced that Franklin Templeton is seeking to acquire Legg Mason. If the proposed acquisition goes ahead as planned, the Legg Mason business will fully be integrated into the Franklin Templeton group during the third quarter of this year. For the time being, we have decided not to change the ratings of the three Legg Mason funds within our Academy of Funds, as for now we do not believe that there will be any changes to the way in which they are managed. We do not currently rate any Franklin Templeton strategies.

The Square Mile rated Legg Mason funds:
  Fund    Rating  
  Legg Mason Brandywine Global Fixed Income Absolute Return   A
  Legg Mason Brandywine Global Fixed Income AA
  Legg Mason RARE Global Infrastructure   AA  

We will keep investors updated over the coming months, whilst further information on the proposed acquisition can be accessed here.