We have taken the decision to remove the rating from the Legg Mason Brandywine Global Fixed Income Absolute Return fund.
After a period of disappointing performance, the management team has altered the portfolio construction of the fund in an attempt to deliver a more defensive return profile to investors. This is an adapted approach that we would want to see bed in further before re-assessing the merits of the fund in the years ahead.
Our AA rating on the Legg Mason Brandywine Global Fixed Income fund remains unchanged.
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