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.
Lower cyclical exposure proved beneficial as we manage through a manufacturing recession and elevated volatility.
The portfolio’s consumer exposure was a leading contributor during the quarter as our companies have been successful in targeting long-term growth markets.
We remained active in repositioning the portfolio, adjusting existing positions while adding several new names.