Legg Mason’s Stitt to discuss uncostrained bonds in Milan
Amanda Stitt (pictured), investment director at Legg Mason, is set to take part in the InvestmentEurope Fund Selector Forum Italy, in Milan on 5 November, to discuss how bond investors can go on the attack should interest rates start to rise.
“In a rising interest rate environment, attack could be the best form of defence for investors. The Legg Mason Western Asset Macro Opportunities Bond Fund bears little resemblance to most cautious-by-nature fixed income funds. It uses a high conviction strategy to maximise performance, but with a clear risk target in mind. It is therefore not for conservative investors,” the company will explain.
In her presentation, Stitt will be explaining how the fund can use duration as either a hedge to risk assets or as a valuable source of alpha. In volatile conditions for the asset class in general, such an active approach could give this fund a significant advantage, she will argue.
Stitt is an investment director at Legg Mason, and is a product specialist with a focus on fixed income. She joined Legg Mason in 2006 from Citigroup Asset Management. Amanda started her career in 1994 as a Client Service Officer with MLC. She subsequently moved to AMP in 1996 within a similar role.
She then became an Institutional Portfolio Manager when she moved to Westpac Banking Corp in 1998 before joining Citigroup Asset Management in 2002 as an Investment Director. Amanda graduated from the University of Technology, Sydney. She has and MA in Applied Finance from Macquarie University and is a member of the SIA.