- 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.
- Despite broad market weakness, international small cap stocks proved to be a relative bright spot during the quarter, particularly in developed markets.
- The Strategy faced performance headwinds due to an underweight in Japan and short-term weakness in European cyclicals in the materials and industrials sectors that had rallied from the COVID-19 lows of early 2020.
- Structural changes in energy production and globallogistics should benefit cyclically related firms rangingfrom metals, mining, chemicals and shipping to industrialand factory automation equipment and the Strategy iswell-exposed to these trends.
For further details see:
ClearBridge International Small Cap Strategy Portfolio Manager Commentary Q3 2021