UCBJF - ClearBridge International Growth ADR Portfolios Q4 2024 Commentary
2025-01-30 09:15:00 ET
Summary
- International equities continued to struggle in the fourth quarter due to market concerns about tariff wars and potentially other punitive measures that could be levied by the second Trump administration.
- The benchmark MSCI EAFE Index declined 8.11% in the quarter while the MSCI Emerging Markets Index fell 8.01%.
- The idea of US exceptionalism may have reached its zenith in 2024 as its economy continued to deliver solid growth with inflation coming mostly under control, leading to outsize equity returns.
Performance Data
Average Annual Total Returns (USD %) |
3 Mths |
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
20 Year |
Since Inception (09/30/1996) |
ClearBridge International Growth ADR Portfolios - Pure GROSS |
-6.93 |
7.50 |
7.50 |
-0.45 |
5.42 |
8.55 |
7.41 |
7.27 |
ClearBridge International Growth ADR Portfolios - NET |
-7.63 |
4.38 |
4.38 |
-3.36 |
2.35 |
5.40 |
4.29 |
4.14 |
MSCI EAFE Index-NR |
-8.11 |
3.82 |
3.82 |
1.65 |
4.73 |
5.20 |
4.81 |
4.85 |