- 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.
- Non-U.S. small cap stocks annualized an impressive rebound off the March 2020 lows, benefiting from the reopening of local economies and increasingly easier comparisons from the year-ago period.
- The Strategy had particularly strong contributions from our industrial names, many of which are benefiting from reflationary policies globally.
- After strong recent gains, many cyclical stocks are overbought and ripe for near-term consolidation. The key for us at this point of the market cycle is to be patient and avoid losing conviction during inevitable countertrend rallies in the old leadership.
For further details see:
ClearBridge International Small Cap Strategy Portfolio Manager Commentary Q1 2021