ClearBridge Large Cap Growth ESG Strategy Portfolio Manager Commentary Q3 2018

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Includes: AAPL, AMZN, BIIB, CMCSA, DIS, ECL, ESALF, FB, FOX, GOOG, GOOGL, GWW, INTC, KO, MSFT, PXD, QCOM, REGN, SKYAY, SLB, XRAY
by: ClearBridge Investments
Summary

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.

Industrial uses of water are global, large-scale and impactful, making efficient management of water resources critical to the bottom line of public equities.

As ESG investors and long-term shareholders, we can encourage better water management by both encouraging better corporate behavior toward water broadly and by owning water companies whose business is to make this better behavior possible.

The ClearBridge Large Cap Growth ESG Strategy underperformed its Russell 1000 Growth Index benchmark during the third quarter. On an absolute basis, the Strategy had gains in eight of the 10 sectors in which it was invested (out of 11 sectors total). The primary contributor to performance was the IT sector.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.