The assets of the Legg Mason US Value Equity Trust are managed on a sub-advisory basis by Legg Mason Capital Management, Inc., a subsidiary of Legg Mason, Inc. and an affiliate of Legg Mason Australia.
The investment process focuses on predominantly US listed companies with market capitalisations generally greater than $5 billion at the time of purchase. Adhering firmly to a value-driven, research-intensive investment process, the focus is on assessing the expected value of companies and aims to buy stocks at significant discounts to their assessed worth. The sub-advisor assesses a company's expected value by employing multiple valuation methodologies combined with rigorous business analysis, concentrating on each company's ability to generate excess cash flow, earn high returns on capital and allocate capital efficiently.
Through each stage of the investment process we seek to mitigate risk through rigorous research, regular monitoring of business fundamentals and appropriate diversification.