The subsidiary of US asset manager Legg Mason suffered a delay to the launch, but is now about to launch the product, which combines listed infrastructure, Reits and utilities.
The UK equity house is readying a vehicle focused on Asia Reits and infrastructure that will target institutions. Meanwhile, CEO Willie Watt praised Beijing's recent regulatory climbdown.
The UK fund house will be hoping veteran manager Paul Kirkby can boost the negative recent performance of its Japan long/short strategy.
Legg Mason's acquisition of Scottish equities boutique Martin Currie comes after the US fund house closed its Esemplia Emerging Markets affiliate last year.
This is part of a global initiative, says Steve McCole, the UK fund house’s equity dealer in Singapore. He also cites a study the firm has done showing the cost savings of trading locally in Asia.
The UK-based equity house is seeking a sales rep in Singapore to spearhead fundraising as it strives to bring total Asia-Pacific sourced AUM to 25% by 2018, from 16% today.