- 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.
- Extreme concentration of the largest stocks in the benchmark continues to be a performance headwind for the Strategy and other active growth managers emphasizing diversification.
- The Strategy’s media holdings showed signs of improvement, buoyed by the return of live sports and robust demand for broadband.
- We know how the momentum trade will end, likely with a COVID vaccine, but not the timing, and have positioned the portfolio to effectively manage this transition by maintaining exposure to a wide range of growth companies.
For further details see:
ClearBridge All Cap Growth Strategy Portfolio Manager Commentary Q3 2020