Western Asset
Products
Process
Philosophy
Overview | Portfolio Characteristics | Performance & Fees
Description
Western Asset's Global Inflation-Linked composite includes portfolios that employ an active, team-managed investment approach around a long-term, value-oriented investment philosophy. These portfolios use diversified strategies in seeking to add value while minimizing risk.
Objective
Maximize real return annually over a 3- to 5-year period while emphasizing real capital preservation.
Approach
Construct a portfolio primarily of inflation-indexed securities. Value can be added through country selection, term structure, issue selection, duration management and currency management.
Snapshot
Benchmark:
Barclays' Global Inflation-Linked Bond Index (market weighted or customized), Unhedged1
Constraints:
Country: Maximum 20% overweight to any one country
Duration Exposure: ± 30% of the benchmark
Average Quality: AAA
Assets Under Management:
Total Global Inflation-Linked Assets: US$11.7 billion
Inception Date:
May 01, 2000
How to Invest
Please contact your Client Service Executive or call our main number.
Invest Through Other Vehicles
Dublin Domiciled Institutional Mutual Fund:  WA Global Inflation Linked Bond Fund (WAGILBU)

1 From 1/1/04 - current the Custom Index is comprised of Barclays' Inflation-Linked Bond Indices, USD Terms: 2% Australia; 2% Sweden; 4% Canada; 30% Europe; 15% UK; 47% US. From 10/1/03 - 12/31/03 the Custom Index was comprised of Barclays' Inflation-Linked Bond Indices, USD Terms: 2% Australia; 5% Canada; 23% Europe; 20% UK; 50% US. From 2/1/03 - 9/30/03, the Custom Index was comprised of Barclays' Inflation-Linked Bond Indices, USD Terms: 2% Australia; 5% Canada; 23% France; 20% UK; 50% US. Prior to 1/31/03 the Custom Index was comprised of Barclays' Inflation-Linked Bond Indices, USD Terms: 2% Australia; 5% Canada; 13% France; 20% UK; 60% US.
See the Performance Disclosure for more information.