The New York-listed asset manager has boosted its infrastructure investment offering.

Legg Mason has merged the RARE Infrastructure Value Fund into its flagship cross-border UCITS fund range, Legg Mason Global Fund, following the acquisition of Sydney-based RARE Infrastructure in October last year.

The fund, managed by RARE Infrastructure, will now be known as the Legg Mason RARE Infrastructure Value Fund. It will continue to be managed in the same way, aiming to provide investors with attractive capital and yield growth by investing in infrastructure related securities globally.

Legg Mason has a 75 per cent ownership stake in RARE, which specialises in global listed infrastructure and manages $6.1 billion of assets.

“Following the successful launch in July this year of the UK domiciled Legg Mason RARE Global Infrastructure Income Fund, which has gathered $277.8 million since launch, the merger allows us to expand our infrastructure offering to our cross-border investors,” said Jaspal Sagger, head of international product at Legg Mason.

Legg Mason had assets under management of $716.3 billion as of 31 October 2016.