Legg Mason Inc., a Baltimore wealth manager, has launched two separately managed account products.
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The products, available to retail investors at a minimum of $250,000, allow investments in corporate and mortgage bonds that typically are not available to separately managed accounts, Legg Mason said.
The new portfolios will mirror the Core and Core Plus products of Legg Mason's fixed-income unit, Western Asset Management.
Legg Mason, which introduced the products Tuesday, had $969 billion of assets under management as of March 31.
