ClearBridge Investments, a global equity manager, recently published second-quarter 2026 commentary for its “Small Cap Growth Strategy”. A copy of the letter can be downloaded here. The Russell 2000 Growth Index increased by 25.6% in the second quarter, marking its third-best quarterly performance in two decades. The rally was fueled by enthusiasm for AI, strength in biotech, and gains in high-beta, high-momentum stocks, amid rising retail trading activity and narrow leadership in specific themes. Despite a complex macroeconomic backdrop and ongoing debates about the pace and impact of...
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