HLMN - ClearBridge Small Cap Strategy Portfolio Manager Commentary Q4 2021
- 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.
- The outperformance of value over growth in 2021 comes after four straight years of underperformance by the value index, and both indexes now contain many companies that aren’t self-financing or are very overvalued.
- The trend of a decline in public companies that started in the 1990s has reversed, as 2021 witnessed a two-decade record in number of offerings.
- A bigger pool of investment candidates and alternative ways to close price-to-value gaps tend to be positive contributors for the Strategy.
For further details see:
ClearBridge Small Cap Strategy Portfolio Manager Commentary Q4 2021