Is Canadian Pacific (CP) A Smart Long-Term Buy?

ClearBridge Investments, an investment management firm, published its “International Growth ADR Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge International Growth ADR Strategy underperformed the benchmark MSCI EAFE Index for the first quarter. The Strategy sustained losses across seven of the nine sectors in which it was invested (out of 11 total), with the IT and financials sectors the primary detractors. You can view the...