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.
October 6, 2026
Western Asset’s Ion Dan explains why he thinks the fundamental case for agency mortgage-backed securities has strengthened.
September 16, 2026
Western Asset: The Fed raised interest rates for the first time since July 2023, signaling a stronger commitment to fighting inflation and projecting higher rates through 2027.
September 10, 2026
Norway’s sovereign wealth fund proposes shifting roughly $80 billion from US Treasuries into agency mortgage-backed securities (MBS), adding weight to the case for MBS in reserve portfolios.
August 25, 2026
As reserve managers look toward the final quarter of 2026, Western Asset explores how several relationships that have long informed portfolio decisions are becoming less predictable.
August 21, 2026
Western Asset examines the implications of the US Treasury’s announcement to at least double the size of its long-term bond buybacks.
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.
