Perspectives

Stay up-to-date with the current investment and macroeconomic issues at ClearBridge Investments. We provide analyses of the themes and trends which lie at the heart of your investment challenges.

Infrastructure Insights Portfolio Insights
Emerging Markets Strategy April Commentary

Emerging Markets Strategy April Commentary

Emerging markets meaningfully outperformed developed markets over the month, which was mainly led by Brazil and Mexico, accompanied by recovery in China and India.

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Equity Insights Portfolio Insights
Global Growth Strategy April Commentary

Global Growth Strategy April Commentary

Global equities delivered mixed results in April, with some regions persevering better than others through continued volatility in global economic relations as the Trump administration unveiled “Liberation Day” tariffs against all U.S. trading partners.

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Anatomy of a Recession
The Long View: Diversification for Uncharted Waters

The Long View: Diversification for Uncharted Waters

While the U.S. has outperformed long term, international equities tend to pick up the slack when domestic markets falter.

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Equity Insights
The Rising Case for Non-U.S. Equities

The Rising Case for Non-U.S. Equities

Massive fiscal reforms in Europe and resolution of the Russia-Ukraine war could help close the leadership gap between the U.S. and the rest of the world.

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Equity Insights Portfolio Insights
Global Improvers Gain as Investors Look Overseas

Global Improvers Gain as Investors Look Overseas

Q1 2025 Global Value Improvers Strategy Commentary: Global value stocks rose as a rotation out of U.S. tech and the prospect of greater fiscal stimulus in Europe helped bolster returns.

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Equity Insights Portfolio Insights
International Does Heavy Lifting For a Change

International Does Heavy Lifting For a Change

Q1 2025 Global Growth Strategy Commentary: Global equities outside the U.S. outperformed as increasing policy uncertainty under the new Trump administration spurred investors to look overseas.

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Infrastructure Insights Portfolio Insights
Infrastructure's Defensiveness Shines as Equities Unwind

Infrastructure's Defensiveness Shines as Equities Unwind

Q1 2025 Global Infrastructure Income Strategy Commentary: Infrastructure’s defensive nature was rewarded in this environment, with regulated utilities leading returns, in particular in Europe and North America.

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Infrastructure Insights Portfolio Insights
Market Turmoil Highlights Infrastructure's Stability

Market Turmoil Highlights Infrastructure's Stability

Q1 2025 Global Infrastructure Value Strategy Commentary: Infrastructure delivered positive returns in the first quarter, outpacing both global equities and U.S. equities, which were weaker amid higher policy uncertainty, specifically around tariffs.

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Infrastructure Insights Portfolio Insights
Developed Markets Infrastructure Income Model March Commentary

Developed Markets Infrastructure Income Model March Commentary

Trump’s policy agenda has so far been more disruptive than expected, and we anticipate uncertainty will weigh on U.S. growth.

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Infrastructure Insights Portfolio Insights
Emerging Markets Strategy March Commentary

Emerging Markets Strategy March Commentary

During the quarter, we exited our positions in Chinese electric utility China Power International and Chinese toll road operator Shenzhen Expressway. 

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Anatomy of a Recession
AOR Update: As Good as It Gets?

AOR Update: As Good as It Gets?

Surging policy uncertainty has dented sentiment, raised inflation risk and stalled the market rally. Should uncertainty ebb in coming months, risk assets should rebound.

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Equity Insights Portfolio Insights
Global Value Improvers Strategy February Commentary

Global Value Improvers Strategy February Commentary

Politics and trade concerns remained centre stage in February, as discussions and negotiations around tariffs by the new U.S. administration and retaliatory tariffs by trade partners weighed on global markets, driving value to outperform growth stocks.

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