ClearBridge Investments Dividend Strategy’s Q4 2023 Investor Letter

ClearBridge Investments, an investment management company, released its “ClearBridge Dividend Strategy” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The market recovered in 2023 following a sharp decline in 2022, driven by excitement about artificial intelligence and an improving forecast for interest rates. The strategy underperformed the benchmark S&P 500 Index, in the fourth quarter. The strategy gained from eleven sectors it invested during the quarter on an absolute basis. Sector allocation detracted, while stock selection contributed positively on a relative basis. In addition, please check the fund’s top five holdings to know its best picks in 2023.