- 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.
- The Strategy performed well in the third quarter in an environment where stocks with at least one indicator of earnings quality — high returns on equity — outperformed.
- Overall the characteristics of the outperformers during the quarter were very similar to the last several quarters: growth continues to crush value.
- If at some point factors such as slower economic growth, spiking debt costs or inflation begin to be discounted in asset values, the narrative will quickly change.
For further details see:
ClearBridge Small Cap Strategy Portfolio Manager Commentary Q3 2020