RBRK - ClearBridge Mid Cap Growth Strategy Q4 2024 Commentary
2025-03-10 09:35:00 ET
Summary
- ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
- Mid growth stocks surged in the fourth quarter, benefiting from both a post-election rally and the market’s rotation back to growth leadership in December.
- The Strategy kept pace with the benchmark in the fourth quarter, as contributors in IT counterbalanced detractors in health care.
- Our investment approach focuses on companies that can compound high levels of growth without depending on macro tailwinds, provide durable returns and have access to capital to fund high-growth opportunities.
By Brian Angerame, Jeffrey Bailin, CFA, Aram Green & Matthew Lilling, CFA
Mid Growth Rallies on Election and Rotation
Market Overview
Mid cap growth stocks surged during the fourth quarter, sitting at the intersection of tailwinds from both a post-election rally in small and mid cap stocks and the market's rotation back to growth leadership in December. The Russell Midcap Growth Index returned 8.14% for the quarter, making it the best-performing area of the market, outpacing the large cap Russell 1000 Index by 540 basis points, the Russell Midcap Index by 752 basis points and the Russell Midcap Value Index by nearly 1,000 basis points. This strong performance solidified mid growth as the best-performing mid cap style of the year, returning 22.10% in 2024 compared to the 15.34% and 13.07% returns of the Russell Mid Cap Index and Russell Mid Cap Value Index, respectively....
ClearBridge Mid Cap Growth Strategy Q4 2024 Commentary