ClearBridge Canadian Small Cap Strategy Q4 2024 Commentary
Source: SeekingAlpha
2025-01-16 04:45:00 ET
Summary
- The ClearBridge Canadian Small Cap Strategy meaningfully outperformed its benchmark in the fourth quarter.
- The Strategy delivered strong absolute and relative returns during the fourth quarter, capping off a successful 2024.
- Stock selection in energy, utilities and materials were positive contributors to relative performance as were an energy overweight and materials underweight.
- We remained active during the quarter, trimming into strength in energy and buying into underperforming materials.
By Garey J. Aitken, CFA | Michael Richmond, CFA
Energy Reversal Concludes Strong 2024 - Fourth Quarter 2024
Market Overview
North American equity markets ended a strong 2024 on a high note. The S&P 500 and S&P/TSX Composite Indexes produced positive total returns of 9.1% (CAD) and 3.8% respectively in the fourth quarter of 2024. Both indexes again set all-time highs in December prior to fading into the holidays....
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ClearBridge Canadian Small Cap Strategy Q4 2024 Commentary
Canadian Western Bank
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