ClearBridge Investments’ Major Positive Contributor: Murphy USA (MUSA)

ClearBridge Investments, an investment management company, published its “ClearBridge Small Cap Value Strategy” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy outperformed the Russell 2000 Value Index benchmark. Consumer staples and utility sectors contributed positively to the fund’s performance while the financials and industrial sectors were the main performance detractors. On an absolute basis, the fund faced...