PRODUCTS
Taxable 
Tax Advantaged 
Traditional Fixed Income
Western Asset's traditional fixed income mandates are active, team managed strategies that employ long-term, value-oriented approaches utilizing diversified strategies and all sectors of the fixed income market in an attempt to add value while minimizing risk. The company's investment objective is to exceed the benchmark returns while approximating benchmark risk over a market cycle. Western Asset's approach is to construct portfolios using all major fixed-income sectors with a bias towards non-Treasuries.
Western Asset's traditional fixed income mandates are active, team managed strategies that employ long-term, value-oriented approaches utilizing diversified strategies and all sectors of the fixed income market in an attempt to add value while minimizing risk. The company's investment objective is to exceed the benchmark returns while approximating benchmark risk over a market cycle. Western Asset's approach is to construct portfolios using all major fixed-income sectors with a bias towards non-Treasuries.
Absolute Return
Western Asset's Absolute Return mandates are actively managed, diversified, fixed-income portfolios. The portfolio construction is based on Western Asset's fundamental view of the fixed income markets and is independent of broad market benchmarks. The performance objective is to maximize return consistent with the current market environment and to outperform the broad market over a market cycle.
Western Asset's Absolute Return mandates are actively managed, diversified, fixed-income portfolios. The portfolio construction is based on Western Asset's fundamental view of the fixed income markets and is independent of broad market benchmarks. The performance objective is to maximize return consistent with the current market environment and to outperform the broad market over a market cycle.
Portable Alpha
Western Asset's Portable Alpha mandates are active, team managed fixed income portfolios that employ a derivatives overlay to replicate the exposure of a client specific benchmark. Typically, the company uses a short duration strategy that employs a long term value-oriented approach and diversified strategies that seek to add value while minimizing risk. Western Asset then uses futures and/or a total return swap to receive the performance of the benchmark.
Western Asset's Portable Alpha mandates are active, team managed fixed income portfolios that employ a derivatives overlay to replicate the exposure of a client specific benchmark. Typically, the company uses a short duration strategy that employs a long term value-oriented approach and diversified strategies that seek to add value while minimizing risk. Western Asset then uses futures and/or a total return swap to receive the performance of the benchmark.
RECENT COMMENTARY
June 25, 2008
Is the U.S. experiencing rising inflation? No, it's not. (No beating around the bush.) Yes, the media constantly run features such as "Inflation Nation," and yes, even the Fed is concerned that consumers and business are forming expectations of continued, elevated inflation. Yes, there are real problems in the energy markets, and there appear to be emerging problems in agricultural markets. But this is not inflation.
VEHICLES FOR INDIVIDUAL INVESTORS
Product information tailored to your individual investment needs
PRODUCT SPOTLIGHT
US Core Full Discretion
Western Asset's US Core Full Discretion mandate is an active, team managed strategy that employs a long-term, value-oriented approach utilizing multiple diversified strategies and all sectors of the fixed income market which seeks to add value while minimizing risk.





