- 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 ebbed and flowed with infection rates in the U.S., while multinational companies noted substantial recoveries in their China-based manufacturing operations, an encouraging sign for global economic activity.
- A broadening of performance into cyclical stocks helped industrial holdings in the portfolio, while cable companies continued to benefit from their competitively advantaged high-speed internet access, an essential service in the work-from-home and remote learning environment.
- Amid many uncertainties, we are planting the seeds by investing in high-quality businesses, taking advantage of opportunities created by volatility throughout the year, while taking money off the table in cases where stock valuations appear to be more demanding.
For further details see:
ClearBridge Large Cap Value Strategy Portfolio Manager Commentary Q3 2020