Individual retirement account with Legg Mason Equity Open- end Investment Fund has provided the best results within the group of products designed for saving money up for retirement according to the latest report produced by Rzeczpospolita daily and published on 10. November 2011.
The performance of the Legg Mason Equity Open- end Investment Fund for the last 7 years (Sep. 2004- Sep.2011, i.e. since the inception of individual retirement accounts in Poland) amounted to 80.2%. Once again LM Equity OEIF has become the most profitable fund that is offered within individual retirement account in Poland. Furthermore, individual retirement account with Legg Mason took the first place in the same report by Rzeczpospolita daily in the last three years (2008, 2009 and 2010).
The competitors who offer individual retirement accounts with different products such as funds in unit – linked insurance or bank deposits achieved the rates of return of 50.6% and 45.4% respectively.
‘You can win the ranking because of one or several successful investment decisions only once. To be the champion four times in a row is not a coincidence and testifies to the quality of our investment style,’ said Jacek Treumann, BOD member of Legg Mason TFI (Legg Mason Investment Fund Company). ‘The key to success is obviously our style of investing based on the fundamental selection of stock which we have been constantly applying for years. We are really proud of our product and the way it functions within individual retirement account. Poles search for effective solutions to save money up for retirement nowadays. They look for low-cost products which offer flexibility in terms of payments and shield against the capital gains tax and additionally achieve exceptional rates of return. Individual retirement account with Legg Mason Open-end Investment Fund has all the characteristics,’ adds Jacek Treumann.