- 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.
- Powerful U.S. economic performance and a 95% decline in U.S. COVID-19 cases drove strong market gains, while under the surface the market is wrestling with post-pandemic uncertainties.
- With the 10-year Treasury yield stalled out, either the economic strength is real, and yields should rise, or market valuations are at risk.
- We are constructive on the outlook for economic growthand believe businesses levered to improved economicactivity have on average a better risk/reward than themega cap secular growth companies. This is especiallytrue if inflationary pressures linger longer than investorsexpect.
For further details see:
ClearBridge Appreciation Strategy Portfolio Manager Commentary Q2 2021