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Martin Currie Investment Management

PRI reporting framework 2017

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

% of assets under management (AUM) in ranges

01.2. Additional information. [Optional]

We are active equity specialists, driven by investment expertise and focused on managing money for a wide range of global clients. Our approach is simple. We offer distinctive active equity portfolios and devote all of our resources to delivering optimum investment outcomes and superior client relationships. 

Founded in 1881, we began investing in global equities in the 1920s, developing our Asian and emerging-market capabilities thereafter. Today, we manage US$14.4 billion* worth of active equity portfolios for a global client base of financial institutions, charities, foundations, endowments, pension funds, family offices, government agencies and investment funds.

Martin Currie is an independently managed investment  affiliate of Legg Mason, a global asset management firm with over US$730 billion in assets under management. Legg Mason’s affiliate model ensures its subsidiaries, which includes Martin Currie, operate with full investment autonomy. Legg Mason provides active asset management in many major investment centres throughout the world via its affiliates. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).

*As at 31 December 2016.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United Kingdom

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

193 FTE

02.4. Additional information. [Optional]

This figure includes team members from Martin Currie Australia (MCA). Members of this team are employees of Legg Mason Asset Management Australia Limited (LMAMAL), a subsidiary of the Legg Mason group. MCA operate in line with Martin Currie processes and policies and report into the Martin Currie operating structure.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.


04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)


Listed equity >50% 93 0 0
Fixed income 0 0 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds <10% 7 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown (Not Applicable)

OO 08. Segregated mandates or pooled funds (Not Applicable)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.



Developed Markets



Emerging, Frontier and Other Markets


09.2. Additional information. [Optional]

As active equity specialists, we build global, stock-driven portfolios based on bottom-up fundamental research. We recognise that while analysis of near-term prospects for a company will always be important, the majority of the value of a company lies in its ability to generate sustainable long-term returns.

By examining governance and sustainability factors in every company we research, we develop a deeper understanding of the companies we invest in and higher conviction in their ability to outperform over the long term for our clients.

We approach responsible investment in three ways:


Consideration of ESG factors is fully integrated into our investment process, having been a standard component of our stock research template since 2009. Far from a tick-box exercise, this information is exposed to peer review as part of our process for building an investment case. As with the fundamental analysis of financial factors, we only focus on ESG factors that are relevant and material to the investment case.

Active ownership

Active ownership or 'monitoring and engagement' are essential parts of being a shareholder. It allows us improve our understanding of investee companies and their governance structures, so that our voting decisions may be better informed. The materiality and immediacy of a given issue will generally determine the level of our engagement.

Exclusionary screening

We work with a number of segregated clients, tailoring their portfolio to avoid securities of specific companies or countries based on their ethical or values based concerns. The most common exclusions are no involvement in tobacco products, alcohol, armaments, cluster munitions, nuclear and contraception. We do not have a house policy on this but will incorporate specific requests from our clients.