SNY - ClearBridge International Value Fund Q4 2024 Commentary
2025-03-27 10:20:00 ET
Summary
- International equities struggled during Q4 due to concerns that the re-election of US President Trump could spark tariff wars, political instability in Europe and a stronger US dollar following a hawkish rate cut from the Fed.
- Our high-quality industrials companies with exposure to the long-term trends of electrification, the energy transition and infrastructure continue to see strong demand.
- International equity markets have faced significant headwinds as capital has flowed into the United States from around the world.
- While opportunities abound, significant risks — including political uncertainties in the United States, Europe and Asia — could impede economic expansion and equity market gains.