- 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 large cap growth managers running diversified portfolios.
- Industrial names supporting e-commerce and communication services companies enabling the digital economy drove Strategy performance during the quarter.
- We know how the momentum trade will end, but not the timing, and have positioned the portfolio to effectively manage this transition by maintaining exposure to a wide range of growth companies and increasing our weighting among more economically sensitive businesses.
For further details see:
ClearBridge Large Cap Growth Strategy Portfolio Manager Commentary Q3 2020