Legg Mason Martin Currie Equity Income Fund upgraded to 'Highly Recommended'

Zenith Investment Partners (Zenith) has upgraded the Legg Mason Martin Currie Equity Income Fund rating to 'Highly Recommended' in its latest review of the Australian Shares large companies sector.

It was one of just two products upgraded out of the 177 products that Zenith examines across the sector.

In its review, Zenith said that it believes Martin Currie Australia's research process is "well established, appropriately blending the analysts' fundamental insights with internal quantitative directional tools."

The fund aims to deliver a growing income stream by investing in 40 to 60 quality Australian listed companies, has a strong focus on income growth to protect purchasing power, and seeks to extract the full benefits of franking credits for zero tax rate payers.