ClearBridge Investments, a global equity manager, recently published first-quarter 2026 commentary for its “Small Cap Growth Strategy”. A copy of the letter can be downloaded here. The beginning of 2026 highlighted the significance of narratives, as the rapidly changing technological and geopolitical dynamics influenced market direction, leading the Russell 2000 Growth Index to decline by 2.8% for the quarter. Despite this, small-cap stocks continued to perform well. Market returns diversified in the first quarter, following a period of market concentration, favoring smaller-cap,...
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