ClearBridge Small Cap Growth Strategy Portfolio Manager Commentary Q1 2019
ClearBridge Investments
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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.
- Smaller growth companies led a sharp rebound for equities in the first quarter which was supported by the Fed’s signal that interest rates will stay low for longer.
- The portfolio’s limited exposure to small cap biotechnology was a headwind in a strong period for biotech M&A.
- We are unperturbed by the near-term noise around capital investments made by portfolio companies and remain confident in their long-term growth opportunities.
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
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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. We convey these ideas to investors on a frequent basis through investment commentaries and thought leadership and look forward to sharing the latest insights from our white papers, blog posts as well as videos and podcasts.