Western Asset is a globally integrated fixed income manager, sourcing ideas and investment solutions worldwide.
We believe that by dedicating all of our resources to active fixed income asset management, we can provide superior investment results and service to our clients. We believe that active, value-driven investing can add significantly to returns and reduce portfolio volatility over a market cycle.
We think and act on a global basis. Diversity of knowledge and experience from specialists located throughout our eight global investment centers meaningfully broadens our opportunity set and improves our ability to diversify portfolios.
We integrate risk management into our portfolio construction process, and independent risk managers continually monitor portfolio risk.
Each manager follows a well-defined investment process rooted in the discipline, rigor and experience gained over decades of successfully navigating global markets—and underpinned by robust risk management protocols at the portfolio and enterprise levels.
Seeks high current income while minimizing interest rate volatility exposure via short duration, high income debt, including floating-rate instruments. Uses the global breadth of Western Asset's investment platform, fundamental value-oriented investment philosophy and a process that combines top down macro economic views with bottom up fundamental research. Income investors seeking high current income and lower sensitivity to rising interest rates may find this fund appropriate.
The Western Asset Enhanced Cash SMA invests in short-term investment-grade securities with a maximum portfolio duration of two years or less and benchmark to a variety of short-term indexes, such as the Citi 90-Day Treasury Bill Index and the Bloomberg 1-3 Year Government Bond Index.
Western Asset Managed Municipals Portfolios consist of directly owned individual securities and shares of a no-fee mutual fund advised by Western Asset. The no-fee fund is used by Western Asset to achieve appropriate levels of diversification, as well as blend the attractive features of individually managed portfolios with the benefit of exposures to sectors that are normally difficult to include in a separately managed account with low minimum investment requirements.
May 22, 2026
Developed-market bond markets are sending a message that investors can no longer afford to ignore. What began as a higher-for-longer rate adjustment has evolved into something much broader.
May 20, 2026
In this second quarter update, Western Asset believes global fixed-income markets face a more complex backdrop as geopolitics, rapid AI adoption and private credit scrutiny intersect.
May 13, 2026
Western Asset: Asia-Pacific bond markets are increasingly recognized as a resilient and distinct asset class, offering investors the potential for attractive yields, stability and diversification benefits in today's shifting global environment.
May 11, 2026
Western Asset: The Muni Monthly covers performance, supply and demand technicals, fundamentals and valuations.
April 28, 2026
Western Asset: A quarterly report providing an in-depth analysis of the global economic landscape, key drivers and insights into fixed-income markets for investors.
March 9, 2026
Western Asset: The reported succession of Mojtaba Khamenei as Iran's supreme leader amid escalating regional conflict, unclear US objectives and widespread misinformation is heightening uncertainty and risks for both geopolitical stability and global financial markets.
February 22, 2026
Western Asset: Emerging market official investors—including finance ministries, debt offices and public pension funds—play a critical but often overlooked role in shaping sovereign risk, currency movements and capital markets amid evolving global financial conditions.
January 28, 2026
Western Asset: The Fed held interest rates steady at its January meeting, with Chair Powell signaling patience before any cuts while highlighting the US economy's surprising strength and resilience amid ongoing inflation concerns.
January 27, 2026
Western Asset: A quarterly report providing an in-depth analysis of the global economic landscape, key drivers and insights into fixed-income markets for investors.
January 13, 2026
Western Asset: Emerging markets appear well positioned to present selective opportunities in 2026, as strong fundamentals, attractive valuations and evolving geopolitical risks shape investment prospects across currencies, sovereign debt and corporate assets.
Visit our subsidiary Western Asset’s website to learn more about our investment advisor.
Past performance is no guarantee of future results. Performance shown excludes sales charges, if any. Had sale charges been included, performance would be lower. The "% Change" column(s), indicate a change in the Net Asset Value (NAV) or Market Price from the previous business day. All investments involve risk, including loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision. Additional share classes and products may be available.
All investments involve risks, including possible loss of principal.
Past performance does not guarantee future results.
Please see each product’s webpage for specific details regarding investment objective, risks, performance and other important information. Review this information carefully before you make any investment decision.
