ClearBridge Small Cap Growth Strategy Portfolio Manager Commentary Q3 2020

Oct. 19, 2020 2:00 PM ETCYRX, CDNA, AMWL, MODN, JAMF, RBC, TDOC, LVGO, HDSN, DUFRY, TRUP, BAND, PODD, HUBS, NVTA, MRCC, NEWR, FOXF, WAL, SYNH, RVLV, CPRT2 Comments

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.
  • While mean reversion led to a September rally for value stocks across U.S. equity markets broadly, growth outperformance persisted among small caps.
  • We made six additions during the quarter, largely financed through trimming successful existing holdings, with our purchases centered in health care and technology.
  • The Strategy, which customarily lags in strong up markets and defends well in sharply lower markets due to our quality bias, outperformed the benchmark meaningfully in a quarter of above-average returns.

PORTFOLIO MANAGER COMMENTARY
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Source: ClearBridge Investments

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

This article was written by

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.

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