PRODUCTS
CHANGE FONT SIZE
Liquidity
Liquidity
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
December 30, 2008
In the last three months, the Federal Reserve (the Fed) has drastically changed the way it conducts policy. For nearly two decades, the Fed had accounted its policy strictly in terms of interest rates, more specifically in terms of Fed funds and Treasury rates. Since September, it has begun to pay explicit attention to "quantitative" measures of money in the financial system, in the process engineering a dramatic expansion of the money stock. The Fed has also tacitly acknowledged that whatever the level of Treasury yields, private-sector borrowing rates are also (more?) important in influencing economic activity, and it is considering ways to directly influence private-sector rates.
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