Legg Mason: 2019 Investing Opportunities in Fixed Income

Hi, I'm Tom Lydon in Hollywood, Florida, the internal ETF conference here with Rick Giannone, Managing Director and Head of ETF Product Management at Legg Mason, and Ellen Camera, whose product specialist at Western Asset Management, so Rick , I knew you were very excited about this. new partnership that you have with Western, tell us well, they're great partners for sure and certainly a well known brand in this space we recently launched two new

fixed

income

ets with western and we're also hearing from a lot of clients of them have a perspective positive in this market but the threat of a market downturn is daunting for them at the same time everyone is looking for performance and so up to this point we have offered a number of products that can generate

income

in an income type strategy variable.

Now we have a partner in the west that we can offer some

fixed

income products here. I'll also tell us a bit about the outlook for

2019

. What are some key tips? I think one of the key things is with the recent Durham Pels comments, the use of the word patience is that it really changed the market's focus from every meeting where rates are going to go up to that we're probably in a big pause. here maybe for the full year you also know that our view on the US economy is that it slows down some of the fiscal stimulus.

We are probably looking at two and a quarter, but we still see opportunity and differential sectors where we see opportunity. a variety of different areas where we can generate income not just looking for longer term values ​​but for investors looking to not have a lot of duration in their great portfolio so what we have here are these strategies every time we get into These ETFs tell us again about ETFs it's not just about what you earn it's about what you keep so that's why we love to offer these two new products in the ETF wrapper the first product we ever launched this product called WBN d. wb andy leverages a flagship machine running the kernel plus it's priced at 45 basis points a very low price point in that space and our newest product which just started shipping Friday is wink winc at 29 points basic also a very low price, the duration is less than three and we hope to produce more than four great ones, well I am very excited for you two and I hope to have a great

2019

for this partnership, I hope to see you soon