WisdomTree has agreed a new investment sub-adviser relationship with Western Asset Management, a subsidiary of Legg Mason. The collaboration will be in the global fixed income area with a focus on credit products.

"We are pleased to tap the expertise of the Western team, one of the world's leading fixed income managers, as we look to build on our progress in the international fixed income space," says Bruce Lavine (pictured), WisdomTree President & COO.

James Flick, Director of Global Client Service and Marketing, Western Asset Management, says: "We are excited to enter the fast-growing ETF market and believe WisdomTree's track record of innovation coupled with our extensive global credit resources and experience will make for a formidable combination. Our Global Credit team has investment professionals on the ground in 6 countries covering both developed and emerging markets."