- 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.
- Markets love resolution and COVID-19 vaccine successes enabled investors to look past current economic weakness to a day when mobility will be restored.
- We began shifting the portfolio to a modestly more cyclical stance six months ago. Despite four months of leadership from economic recovery stocks, selected opportunities remain.
- Although we remain optimistic on the equity market in 2021 as the economy recovers from the COVID-19 pandemic, we are increasingly concerned about market excesses.
For further details see:
ClearBridge Appreciation Strategy Portfolio Manager Commentary Q4 2020